You are restricting your view to the US, and even so it is VERY pessimistic. Luckily for us, pilots and airlines are a GLOBAL phenomenon. If Emirates hires a US pilot, then one less US pilot is available to hire by UAL/AA/DAL, etc. The "Majors" are not parking aircraft. Emirates, Qatar, Ethiopian, Kenya Airways, KAL, Cathay, ALL the Chinese airlines, etc., etc. are ADDING aircraft at a very high rate.
Just talked to some guys who said they knew people at Emirates, and the EK guy said by 2014 EK will NOT be able to staff the -777, no matter what they do...it is already too late to solve their manning problems on that airframe. So, even if the US job market does not improve significantly on its own, it won't matter, as overseas airlines will suck up a LOT of US pilots, creating a shortage here in the US.
cliff
RMS