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U.S. labor: A tale of two markets

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.

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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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