That's largely because the economy is growing much too slowly to absorb the available work force, and industries that usually hire early in a recovery—construction and small businesses—were crippled by the credit bust.
And that comes almost directly after this:
Over the past 10 years:
• The U.S. economy's output of goods and services has expanded 19%.
• Nonfinancial corporate profits have risen 85%.
• The labor force has grown by 10.1 million.
• But the number of private-sector jobs has fallen by nearly two million.
• And the percentage of American adults at work has dropped to 58.2%, a low not seen since 1983.
And the conclusion, after almost THIRTY YEARS OF CRAPPY JOBS GROWTH is that jobs were lost two years ago and aren't coming back?
I almost wish they WOULD tap voicemails there. At least they'd have a clue.