South By North Strategies, Ltd.

Rortybomb has released a new paper that debunks many of the claims that the current high level of unemployment is structural in nature.

There has been a straight decrease in the unemployment rate with virtually no increase in the job opening rate. The number of jobs available has remained flat and unemployment has fallen roughly one full percentage point. Those who were worried that any decrease in unemployment would happen alongside a runaway rise in the job opening rate should shift their concerns back toward low job growth.
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The numbers guiding policymakers and experts are subject to revision, and job openings, a key component of any recovery, have turned out to be much lower than anyone had expected during 2010 when the debate over structural unemployment started.
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Even before this, there was considerable evidence that there is tremendous slack in the economy and room for monetary and fiscal stimulus. With this correction, the story of an economy held in check by a weak labor force rather than weak jobs is harder to justify, and the argument for doing more is stronger.