“Inadequate demand and inadequate education, relative to available occupations, are both hampering economic recovery in U.S. metropolitan areas. With a still weakened private sector, strategic public investment and regional economic diversification can help address the first problem. Yet even when the economy recovers, longer-term structural unemployment will linger in some metropolitan areas because of mismatches between the supply of, and demand for, educated workers. Solutions to that problem include boosting educational attainment, enhancing the skills of workers, and increasing demand for less educated workers by providing public goods needed by industries like manufacturing and the green economy.”
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