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The United States Economy Experienced A Recession Essay

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Introduction The United States economy experienced a recession starting in December 2007 and ending in June 2009 as reported by the National Bureau of Economic Research. The employment market was directly impacted as evidenced by the growth in unemployment rate. Employers reduced staffing to cut costs and protect profit margins. In doing so, employers combined approximately 2-3 worker’s positions into one, shifting the required skills and values into one all-encompassing position. The skills and values that prospective job candidates needed to possess had changed significantly causing many in the workforce to be unemployable. The economic downturn, combined with technological advancements, has shifted what the desired skills and values employers valued (see chart 3 on page 10). Some of the most sought after skills and values impacted both Baby Boomers and Millennials as not one specific demographic possessed all. According to University of Kent, the UK’s European University, some of the top skills employers require can also be construed as values, since one cannot be accomplished without the other. While each employer is looking for a unique set of skills from jobseekers for each job opening, certain skills and values are nearly universally sought by hiring managers.Many workers obtain skills through a combination of education, training and job experience. Employees who possess a unique combination of skills are an invaluable resource to employers. The most important
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