Jobs Report Shows Structural Unemployment Is the Real Problem

The labor report shows that structural unemployment—not monthly ups and downs—is the real problem.

Published Dec. 3 2011 10:22AM EST

articles/2011/12/03/jobs-report-shows-structural-unemployment-is-the-real-problem/unemployment-numbers-karabell_qdvjbc — Joe Raedle / Getty Images

The official jobs reports released Friday by the Bureau of Labor Statistics had something for everyone. It gave optimists hope and pessimists ammunition, and it provided ballast for President Obama and the Democrats while simultaneously providing the Republicans with more fuel for their assault on the White House.

Zachary Karabell

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Jobs Report Shows Structural Unemployment Is the Real Problem

The labor report shows that structural unemployment—not monthly ups and downs—is the real problem.

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Zachary Karabell