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The Lost

“The most puzzling feature of the Great Recession and its aftermath was the sharp decline in the percentage of working-age people in the labor force,” the NYT recently reported. The percentage of prime-working-age Americans, those between 25 and 54, who are in the labor force, fell to a 30-year low this past July. Andrew Levin, an International Monetary Fund researcher, who spent 22 years at the Fed – two under Ben Bernanke and Janet Levin says, “This is involving millions of prime-age Americans who have dropped out of the work force, the question is – Do we just give up on those people?” Apparently, so far the Fed decided not to. SelectLeaders has had some anecdotal indication that employers, especially those looking for the sweet spot of 3 to 5 years of experience – the years practically no one was hiring – are looking seriously at more senior candidates who are willing to take a pay cut to get back into the work force. We hope that employers find a way to make this happen. As pleased as we are with our industry’s performance we never forget, full employment fills developments.

Susan Phillips, CEO SelectLeaders
October 1, 2014

About the SelectLeaders Job Barometer

The SelectLeaders Job Barometer, published since 2006, is the foremost survey of employment opportunities, trends, and hiring practices in the commercial real estate industry.

About the SelectLeaders Real Estate Job Network

SelectLeaders powers the Career Centers for 9 premier real estate industry Associations (whose members control or direct 90% of commercial real estate). Jobs are from all sectors and all levels with 29% paying over $100,000. SelectLeaders Job Network offers unequalled access to the Real Estate community. To learn more visit selectleaders.com or visit our Job Network Career Centers: BOMA, CCIM, CREFC, GlobeST.com, NAIOP, NAREIM, NAREIT, NMHC, PREA, Project REAP, ULI, NRHC

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