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The Chicago Tribune reports on a depressing assessment of the current economy:

“If the economy stays on its present course there won't be enough jobs to employ new workers and people out of work until the year 2023, said economist Laura Tyson, who served in the Bill Clinton presidential administration and is now a professor at the University of California, Berkeley.

“In a session on creating jobs at the former president's Clinton Global Initiative in Chicago, Clinton told about 750 business, government and non-profit leaders Wednesday that there are three million jobs open now, and if employers filled them that would cut the nation's 9.1 percent unemployment rate in half.  But he said companies are filling positions slowly compared to the past.”

The story goes on:

“A panel including Clinton and Tyson noted a mismatch between jobs available and the people out of work.  ‘It is very depressing to note,’ that people between 25-34 of age are less likely to have a college degree than older workers, said Tyson.”
KC's View: