Watch Santelli and Liesman debate the jobless rate

Santelli: Structural issues, can't get people to work
Santelli: Structural issues, can't get people to work   

On "Closing Bell" Friday, CNBC's Steve Liesman and Rick Santelli get into a heated debate about what the decline in the unemployment rate says, and doesn't say, about the true state of the nation's labor market and economy.