These thoughts from our CEO, Jeff Weiner, on bold solutions for the unemployment crisis were originally published in Fortune Magazine earlier today
. Syndicated with permission – Ed.
Tonight, President Obama is scheduled to unveil the government’s latest plan to address the country’s labor crisis. Unemployment is at 9.1%. However, that number only scratches the surface of the magnitude of the problem. There are over 25 million Americans unemployed, underemployed or only marginally attached to the workforce. Factor in the average size of a U.S. household and that’s as many as 20% of Americans whose lives are being dramatically impacted by this stagnation.
Yet there’s another massive labor imbalance in the country that rarely gets attention. According to the most recent report from the Bureau of Labor Statistics, there are over three million job opportunities going unfilled in the U.S. right now, the highest level in three years.