Two experts weigh in on whether unemployment is structural or cyclical.
Friday's story, "Can America's Unemployed Fill American Jobs?" looked at the extent to which high unemployment is structural and how much is cyclical. Zachary Karabell of economic research and consulting firm River Twice thinks much of what we're seeing is structural. Mike Konczal of the Roosevelt Institute, on the other hand, argues unemployment is mostly cyclical, or tied to the economic cycle.
AIR DATE 9/6/11
PBS NewsHour provides in-depth analysis of current events with a news summary, live studio interviews and discussions of domestic and international issues. Amna Nawaz and Geoff Bennett co-anchor.
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