U.S. Job Market Looking More like European

In late 2007, the economy took a dive, and the President Obama has struggled to reverse the high unemployment rate. For years, Europe countries have suffered high rates of long-term unemployment, and joblessness for young college graduate that have slowed down the economic growth. According to Wall Street Journal, the U.S. issued its latest monthly labor-market snapshot on Friday, November, 25^th, 2011, exhibiting that the U.S. has the same symptoms as Europe. Trends in the U.S. point to a long-term drag on economic growth while also faces rising debt obligations.