Not much time to post, but if you have the time, take a look at two divergent views of unemployment and recovery. On the one hand, you have the Fiscal Times taking the extraordinarily lazy "unemployment is structural and we should expect 7+% unemployment forEVAR" and we should basically just accept that stupid, lazy, unskilled labor will never find a job again. On the other hand, we have Dean Baker pointing out the obvious: that the same economists who couldn't see the crisis coming are (again) taking the easy way out and cannot be trusted.
Conclusion? All this structural employment talk is a way for the elites to impose austerity and ensure that no crumbs make it down to the little folk. Fight this idea like your life depends on it, as your livelihood just might.