Jobs Come and Go at Warp Speed

Here's a scary fact, from economists Martin Neil Baily and Matthew J. Slaughter, as posted on The Wall Street Journal website:

It's important to acknowledge that dynamic product markets create dynamic labor markets as well. In recent years, government statistics show that about 25,000 jobs are destroyed and created every hour that America is open for business. All this economic change is essential, but it presents very real challenges to workers.