Structural Unemployment

We've discussed the concept of higher structural unemployment in the United States several times over the past year.  Today I have a couple of thoughts on this.

1.  I'm linking an article on this from Time Magazine by Investment Manager, Zachary Karabell titled Where the Jobs Aren't. 

2.  Interesting view on long term job creation from the folks over at Chart of the Day {COD}discussing the low amount of jobs created in the last decade.  According to COD:

"Today's chart illustrates that up until this millennium, the number of jobs at the end of a decade has always been at least 20% greater than 10 years prior. During the last decade, not only was that 20% plus growth not achieved, the decade actually ended with less jobs than when it began. This negative job growth is particularly noteworthy due to the fact that the US population had increased by 10% in addition to a significant increase in global wealth during the same time frame. With one year down in the current decade (see gray column), today's chart illustrates that job growth is positive albeit only slightly so. If job growth during the current decade were to increase at the same pace as what occurred during the first year of this decade, the decade would end with an 8.7% gain in jobs (see gray dot). This is certainly better than the decade just passed, however, it is well off the 20% plus pace of decades past."

Link:  Current Decade Job Growth