WASHINGTON, Oct. 1 (UPI) -- The U.S. jobless recovery may remain just that because of a shifting labor market of jobs going overseas and having "just enough" employees.
Businesses have cut about 3 million jobs since 2001 and more than 1 million of the layoffs have occurred since November 2001, the month the National Bureau of Economics Research said the recession ended, USA Today reported.
"This is a different situation, and it has all the characteristics of a significant, structural change in the labor market," says Allen Sinai, chief global economist at Primark Decision Economics.
"We will see fewer non-farm, payroll jobs created per dollar of gross domestic product than at any time in our history."
Manufacturing shed 2.7 million jobs since mid-2000 and those jobs sent overseas are not expected to be recovered, with service jobs being exported as well.
Just in time delivery has yielded a reliance on just in time employment as well as turning to overtime of existing employees instead of hiring more.
