ECRI Director: Recovery Real, but Unemployment a “Structural” Problem

Lakshman Achuthan, managing director of the Economic Cycle Research Institute, says he thinks we’re in a “real recovery”, but that the high long-term unemployment rate is part of a structural problem that won’t be cured by the current recovery. Achuthan, whose group has a strong track record of forecasting business cycles, also tells Bloomberg that he’s not sure that the most recent unemployment report is a “game-changer”.