Have you ever heard the saying, “Slow and steady wins the race?”
Well, lately one can apply that phrase to California’s economy. The month to month unemployment levels have gone down slightly. In fact, from September to October, the state’s unemployment dropped from 10.2 percent to 10.1 percent.
The state’s economy is recovering but at a very slow pace.
1.8 million people are still out work despite nearly 600,000 jobs that are still available. The problem is the “skills gap” in the state. Folks, who are out of work, do not match the skills of the jobs that are open now.
It’s a growing concern with many in the education and business communities.
Partnerships between those two are springing up because it isn’t just about getting students to graduate anymore. It’s about aligning education with jobs that are out there now.
Finding a solution to the skills gap was a major discussion at the Milken Institute’s California Summit recently held in Southern California.