“We are seeing a mismatch of skills in the workforce and the jobs that are being created,” Philadelphia Fed President Charles Plosser said of the so-called STEM-trained workers who are in high demand.
“Sadly, we are not doing an adequate job of preparing our workforce for these jobs,” he said in remarks prepared for delivery to a conference on reinventing older communities, hosted by his branch of the U.S. central bank.
Chosen excerpts by Job Market Monitor. Read the whole story at Skills-jobs mismatch harming U.S. labor market -Fed’s Plosser | Reuters.
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