Thursday, February 5, 2009

The Jobless Go Back to School and, They Hope, Work

In this article about workers retraining, this jumped out at me.

Retraining has never been easy for workers, often stressing family finances. But in this deep recession, going back to school can be an even greater leap of faith. The velocity of recent layoffs means that many businesses are contracting rather than expanding their payrolls. That leaves many newly trained job seekers competing against more experienced workers who have also been laid off.

Still, many people are scrambling to get retrained in hopes of catching the next economic updraft. In Rockford, a city of about 150,000 people about 90 miles northwest of Chicago, 19% of residents have at least a four-year college degree, compared with the national average of 27%, according to the U.S. Census Bureau's American Community Survey.

Barely a quarter of the population has a Bachelor's degree?

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