Today’s anemic jobs report is yet another indication that the unemployment picture in the United States is getting neither better nor worse. It is also yet another piece of evidence that there is a chronic, long-term structural employment issue in America. It is not an acute crisis; it isn’t getting much worse; and it isn’t going away anytime soon.
Read moreUnemployment Report: Why Jobs Won’t Be Coming Back Soon
So yesterday’s monthly employment report, which showed a net gain of merely 18,000 jobs, once again confounded the expectations of economists—and sorely disappointed those in Washington by showing precious little job creation in the United States.
Read more