Is America Facing an Increase in Structural Unemployment?

Economics: Is America facing an increase in structural unemployment?

I think the answer is "yes"...

David Altig of the Federal Reserve Bank of Atlanta http://macroblog.typepad.com/macroblog/2010/07/a-curious-unemployment-picture-gets-more-curious.html has just convinced me that the answer to this question is "yes": given the large recent increase in vacancies in the past two quarters, the U.S. unemployment rate ought to have started to fall. It did not.

That means that the chances...