U.S. labor: A tale of two markets

Sept. 1, 2006 at 8:47 AM

CHICAGO, Sept. 1 (UPI) -- The U.S. labor market is increasingly marked by an imbalance of overworked professionals and underemployed low-skilled workers, a newspaper reports.

"We are in a watershed time in our economy, where technology has transformed how we work (and) globalization is changing the rules of the game for low-skilled, semiskilled workers," John Challenger of Challenger, Gray and Christmas tells The Christian Science Monitor.

On one end of the spectrum, the BlackBerry crowd is connected to the workplace around the clock. On the other end, workers with less education are hard-pressed to find good jobs, the newspaper says.

The good news is that the ranks of the underemployed tend to drop as an economic expansion gathers momentum -- and that has been the case for several years.

But the pace of economic growth appears to be slowing. And some economists worry that, despite a low official unemployment rate, the share of the population that is employed remains lower than it ought to be.

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