(no subject)
Oct. 12th, 2003 03:30 pmFrom The WSJ, on the atypical recovery we're having:
"While I am confident that people will find new jobs, they are more likely to be in a new industry that requires new skills," says Thomas Hoenig, president of the Kansas City Federal Reserve. "This will ... involve more than simply returning to the old job or the old way of doing things." [...] For example, while the manufacturing sector has cut 645,000 jobs in the past year alone, health-care employment has risen by 248,000 jobs. Retailers have eliminated nearly 49,000 jobs, while residential construction companies have added close to 42,000. More people are working at homes for the elderly, but public-school teachers are being laid off in the face of massive state and local budget shortfalls. ( Read more... )Otoh, part of me would love to learn nursing. Otoh, I think the emotional fallout would be extremely difficult for me to handle.