US Employment: Cyclical, Structural or What Type of Mix of the Two?

Here's a Council on Foreign Relations special report on US competitiveness. I haven't had the time to read it yet, but rest assured, I will.

And here's an earlier report from The McKinsey Global Institute on the same subject.

Both reports deal with a sobering issue in the US economy. Nominal and Real unemployment numbers are symptoms of a larger problem. In the face of growing competition from the Emerging world's markets and renewed strength from industrial powerhouses like Germany, the US needs to become more competitive in all sectors of the economy to construct a more healthy economy.

Cheers and expect more on these posts and the issue at large.