When is unemployment more than just the lack of a job?  The term “Structural Unemployment” has started to gain prominence in the news for the first time since the 1980s, and it means a lot more than the lack of work.  It refers to a lack of appropriate skills among many of the labor pool that makes many people difficult or impossible to employ.  While this is a serious problem, it could actually be good news – there is a new economy rising out of the ashes of the old one.

The difference between good economic news and bad is, as always, written in our ability to deal with the situation at hand.

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