The Journal yesterday had a fantastic article on why some firms can't fill their positions when the unemployment rate is around 10%. Sounds ironic, isn't it?

All comes down to mismatch of skills. Also think about this in historical perspective:  the long declining of US manufacturing…smart kids flooded to finance and the Wall Street; now with Wall Street in shamble, some jobs are permanently lost, and they are not going to come back.

The hiring for high-skilled and low-skilled workers are rising, while demand for middle-skilled are decreasing:

Read full report here.