The ‘Skills Gap’ In Unemployment Is Almost Non-Existent In Trump’s Economy

Tim Pearce | Energy Reporter

The unemployment rate for non-college high school graduates — widely seen as low-skilled workers — measured at 3.7 percent in the Department of Labor’s latest jobs report released Friday.

Typically, the unemployment rate for groups of workers increases as the level of education decreases. September’s jobs report shows the unemployment rate of low-skilled workers and the overall unemployment rate of U.S. workers is about the same at 3.7 percent. (RELATED: Jobless Welfare Claims Near A Five-Decade Low)

New York Times columnist Paul Krugman, a Nobel laureate in economics, touted the data point on Twitter.

The roughly equal unemployment rates of low-skilled laborers and the U.S. workers supports an idea argued by Krugman that high unemployment rates among less educated workers will drop if the demand for labor increases high enough. If employers need workers badly enough, they will hire workers with a lower education level as the labor market gets more competitive.

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Tags : department of labor new york times paul krugman
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