Workforce Development News – Sept. 14, 2020

By on September 14, 2020
Unemployment Among Young Workers

A weekly collection of articles on workforce development, employment and training, business performance improvement, leadership, higher education, and the economy.

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The Workforce Solutions Group of St. Louis Community College leverages education for growth in the knowledge economy by offering programs and services designed to advance people, businesses and communities. We are located at the Corporate College, a state of the art facility solely dedicated to corporate education and professional development.
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Economists’ Best- And Worst-Case Scenarios For The Recovery Haven’t Changed Very Much

“Unemployment is improving faster than expected. Racial inequality in unemployment is likely to persist. America’s growth ceiling has hit a plateau. Over half the jobs that were lost in March and April still haven’t returned.”
https://fivethirtyeight.com/features/economists-dont-think-the-lower-unemployment-rate-signals-a-clear-recovery/

The Labor Market Doesn’t Have a ‘Skills Gap’—It Has an Opportunity Gap

“Cultivating and investing in diverse talent can unleash regional innovation, economic growth, and community well-being.”
https://www.brookings.edu/blog/the-avenue/2020/09/09/the-labor-market-doesnt-have-a-skills-gap-it-has-an-opportunity-gap/

Firms Anticipate COVID-19 Uncertainty to Persist, but Not Worsen

“The economy is in for a tepid, protracted return to its pre-COVID state. And, perhaps those sluggish and highly uncertain expectations make sense given how long COVID-related uncertainty might last.”
https://www.frbatlanta.org/blogs/macroblog/2020/09/02/firms-anticipate-covid-19-uncertainty-to-persist-not-worsen

The Case for Upskilling

“Employability skills are the things that employers always worry about. ‘Do you show up, do you know how to work in a team? Do you need to be agile and flexible when you’re on the job?’”
https://inquirewithin.workingnation.com/september-2020/todays-american-worker/overlay/cover-story/

Skills for an Inclusive Economic Recovery

“Inclusive investments in the skills of America’s workers can contribute to empowering more workers and businesses to drive and thrive in the post-pandemic economy.”
https://www.nationalskillscoalition.org/resources/publications/file/NSC-Skills-for-an-Inclusive-Economic-Recovery-web-Sept-2020.pdf

Have Enhanced Unemployment Benefits Discouraged Work?

“Even with the additional $600 in unemployment benefits, there are more job applications for every new job vacancy posted since COVID.”
https://econofact.org/have-enhanced-unemployment-benefits-discouraged-work

Unemployment Among Young Workers During COVID-19

“The extent to which young workers are bearing the brunt of the downturn is unusual.”
https://www.brookings.edu/research/unemployment-among-young-workers-during-covid-19/

WorkingNation Survey: How Ready Are We for Changes in How We Work?

“Do we have the skills needed? If not, how do we get them?”
https://workingnation.com/how-ready-are-we-for-changes-in-how-we-work/

LinkedIn Workforce Report | St. Louis | September 2020

“Hiring was 18% lower in August 2020 than in August 2019.”
https://www.linkedin.com/jobs/blog/linkedin-workforce-report-september-2020-st-louis-mo

When you are deciding on next steps, next jobs, next careers, further education, you should rather find purpose than a job or a career. Purpose crosses disciplines. Purpose is an essential element of you.” – Chadwick Boseman

About Richard Schumacher

Richard Schumacher is the technology manager for the Workforce Solutions Group of St. Louis Community College. He connects, designs, and applies technology to meet business user needs with eLearning, training, web content, instructional design, IT system, and performance improvement solutions. Richard has held various Microsoft Certifications since 1993. Learn more about Richard by following him: LinkedIn - Twitter - Articles - Email

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