Good Times Coming
As news of the economy and unemployment rates remain grim, we can hardly blame readers for tuning out the cheerless business news in favor of, say, the latest drama from Jesse James.
Last month, the national unemployment rate crept along at 9.7%, not quite the kind of news that makes CNBC viewers likely to break out the Champaign.
But this week, our good friends at the MetLife Foundation and the San Francisco-based policy institute Civic Ventures discovered a faint glimmer of hope amidst the discouraging finance news. A study released by our favorite Snoopy-themed insurance provider and the think tank predicts a significant labor shortage by 2018.
So, apparently if you manage to survive the next eight years, you can expect to kick back, as there will soon be more jobs than people available to fill them. As baby boomers near retirement age, the report says, it is expected that there will be too few workers to fill all of the jobs that will be available in the US.
The analysis was completed by Barry Bluestone, Dean of the School of Public Policy and Urban Affairs at Northeastern University. He forecasted that the US may see over 5 million job vacancies. Thanks for the heads up, Barry. We’re getting ready to take full advantage of the upcoming glory days.
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