Reuters has a report titled, "Is America the sick man of the globe?" In it, journalist Nick Carey's investigation suggests that there is a structural problem with America's unemployment, which is to say that there is a jobs mismatch, resulting largely from a lack of funding for retraining workers whose jobs are eliminated by overseas competition, primarily in manufacturing.
Probably a bit overstated, I think. I would suspect that when the economy is this bad, all sorts of indicators might be pointing in the same direction, allowing one to pick and choose indicators to tell their version of the story.
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