Structural Unemployment?

The Angry bear on Structural Unemployment and a Corporate savings glut.

It's not structural unemployment, it's the corporate saving glut | Angry Bear

An interesting thought, in the comments, on why they're saving more now.

My contention is that corporations have permanently increased their cash reserves, because the old meme about being able to borrow when you needed to was proven not to hold in late 2008 (and to some extent earlier). The goal appears to be to be able if necessary to go some extended period with no borrowing, just in case the capital markets (commercial paper in particular) freeze up again. If you know that it could take 2 months to sell commercial paper in a frozen market then it makes sense to keep 2 more months of reserve just in case it happens again. Yes you won't get much roi on the cash, but conversly if the markets freeze up you won't have to file chapter 11 if you can't borrow what you need to stay solvent.

In one sense then its a return to the older way of doing business since the go-go version of the market of minimal cash was proven be potentially unstable.

tnb