In response to:

The Plight of the MBA Generation

lkartchner Wrote: Oct 07, 2012 4:19 PM
The Article said "Architects and Engineers". This would mean that it is part of the general reduction of construction, which is common in every recession. As an Engineer, I was laid off during several recessions. There are also those who are working for companies which have outsourced factory jobs overseas. Engineering work follows the construction and factory work. It has to. After the Engineering and mid level supervision, banking and management will eventually follow, because it also has to. But, manufacturing is starting to come back. When Construction resumes, then, Construction will also pick up. Engineering has a good future. There are sectors where Engineers are in short supply.

During the first-ever Federal Reserve press conference, Fed chair Ben Bernanke said the number of jobs in America was still 7 million behind the number of people employed when the recession began. When asked whether the Fed could do anything about long-term unemployment, Bernanke said the central bank has been fighting it with an aggressive monetary policy. But he admitted his crew operating out of the Eccles Building doesn't have any tools to make the long-term unemployed employable again.

Orginally published Monday, May 02, 2011

A day later the news came that first-time unemployment claims rose to 429,000 — up from...