A sizable component of the high unemployment rate is structural in nature. In the wake of the housing bubble, financial crisis, and steep recession, certain sectors (construction, financial services, etc.) are not likely to return to their former size (relative to GDP) anytime soon. Given labor market rigidities, including a employees skills/experience-job needs mismatch, slow job growth due to caution with respect to sluggish growth aggregate demand from continuing consumer deleveraging, a disjointed/fragmented employment services industry, educational attainment trends, etc., the unemployment rate is likely to remain several points higher than the bottoms following other recent recessions. There is no simple answer for structural unemployment.If not we are still going to have high unemployment and puny economic growth. there are 16 million unemployed Americans today and no plan to get them back to work.