How about this…
Corporations in the most have proven themselves unreliable of keeping people employed, as evidenced by the GFC.
How about the government promote a people powered marketplace whereby unemployed people band together via a custom online social network listing their skills and experience, AND submit business ideas/plans if they had any. An oversight panel of proven entrepreneurs could be assembled to judge the quality of the ideas and all submitted ideas only go to them.
People who are still employed are encouraged to donate micro-investments to their fellow people, providing an investment pool to fund ideas. The best ideas, and the ones that employ the most people, are the ones that get funded. Employees for the new ventures are sourced from the unemployed people listed on the social network with matching skills.
This way people bring themselves out of unemployment and new enterprise is created.