Looking at the stock market hitting new highs almost every day one could be forgiven for thinking that the economy is actually improving.
In case you think there is some "real" improvement going on just remember that the Fed is printing $85 billion a month and the government is running a deficit of about the same magnitude. Even with all this stimulus barely enough jobs are being created to handle new entrants into the labor force.
My thesis is that current policies will not create jobs, but will create asset bubbles (helping the 1%). I maintain that underlying structural changes in the job market remain unaddressed and even unrecognized. I further maintain that if you look at the data below it is clear that current policies can not bring long term unemployment down without major changes in policies.