S.F. Fed: Skills mismatch, joblessness link overblown

From WGN Radio:
High U.S. unemployment does not signal a widening gap between employer needs and worker skills, according to research published Monday by the Federal Reserve Bank of San Francisco, suggesting the U.S. central bank's super-easy monetary policy poses little imminent danger of sparking inflation.... "Skill mismatches can affect how fast employment can grow and the rate of unemployment that the economy can sustain without igniting inflation," David Neumark, a University of California, Irvine professor and visiting scholar at the San Francisco Fed, and San Francisco Fed research adviser Rob Valletta, wrote in the latest San Francisco Fed Economic Letter.

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