Posted on 02/06/2014 10:47:06 AM PST by reaganaut1
...
More than one in six men ages 25 to 54, prime working years, don't have jobs—a total of 10.4 million. Some are looking for jobs; many aren't. Some had jobs that went overseas or were lost to technology. Some refuse to uproot for work because they are tied down by family needs or tethered to homes worth less than the mortgage. Some rely on government benefits. Others depend on working spouses.
Having so many men out of work is partly a symptom of a U.S. economy slow to recover from the worst recession in 75 years. It is also a chronic condition that shows how technology and globalization are transforming jobs faster than many workers can adapt, economists say.
The trend has been building for decades, according to government data. In the early 1970s, just 6% of American men ages 25 to 54 were without jobs. By late 2007, it was 13%. In 2009, during the worst of the recession, nearly 20% didn't have jobs.
Although the economy is improving and the unemployment rate is falling, 17% of working-age men weren't working in December. More than two-thirds said they weren't looking for work, so the government doesn't label them unemployed. The January snapshot of the job market is due Friday.
For women, the story is different. In the 1950s, only about a third of women ages 25 to 54 had jobs. That rose steadily until the 1990s, and then leveled off for reasons that aren't clear. At last tally, about 70% were working; 30% weren't.
Men without jobs stand apart in a society that has long celebrated work and hailed the breadwinners who support their families. "Our culture is one that venerates work, that views work as good for its own sake," said David Autor, [an MIT] economist.
(Excerpt) Read more at online.wsj.com ...
Obama and the rest of them DO have contingency plans.
Since they took over they have been intentionally weakening our country in every way they can. They have been setting the table for either a terrorist attack or another financial crisis or both in order to “not waste the crisis”.
Remember after 9/11, the dimrats and their media were all in a tizzy because Klintoon wasn’t president when it happened. That was a screwy idea, but it makes sense. Had the dims been in charge then, there is no telling what they would have done to us. The Obama gang is much more vindictive and devious than the Klintoons ever thought about being.
So here we are. Like living under the sword of Damocles.
..except for illegal aliens and outsourced jobs. Jobs galore!
But do they have health insurance?
That’s all that’s important
“Having so many men out of work is partly a symptom of a U.S. economy slow to recover from the worst recession in 75 years.”
Can we all just drop the term “recession” and call this the Bush-Obama Depression? The economic stats have been massaged all out of shape to suggest that there has been a recovery when there hasn’t.
“The trend has been building for decades, according to government data. In the early 1970s, just 6% of American men ages 25 to 54 were without jobs. By late 2007, it was 13%. In 2009, during the worst of the recession, nearly 20% didn’t have jobs.”
It seems reasonable to conclude that the unemployment is skewed heavily toward the tails of that distribution curve (youngest & oldest). The youngest because they lack skills & experience; the eldest because of the “cost of employment”.
A staggering statistic!
Funny what they consider prime, at 57 I still consider myself in my prime working years, sadly employers think I'm too damn old and too damn White. No one is stupid enough to outright say those words but the unspoken has been clear enough from their comments and questions.
envious?
I hope that when the new conservative president is elected in 2016 that one of her first acts is to change how unemployment is reported, to reflect real numbers.
If she does it right away, it will show what phonies this liberal administration really is.
More than one in six men ages 25 to 54, prime working years, don’t have jobs—a total of 10.4 million.
Funny what they consider prime, at 57 I still consider myself in my prime working years, sadly employers think I’m too damn old and too damn White. No one is stupid enough to outright say those words but the unspoken has been clear enough from their comments and questions.
**
And you also likely have ten times the experience and wisdom of the new 30 somethings they are so hell bent on hiring to replace you, so they can save a buck. Then they wonder why their companies start going downhill and everything is a total disaster.
Unemployment is Freedom, according to our Leaders.
“Many are still living in their mama’s basement.”
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Not many in my area but that is only because conditions around here are very bad for building basements, very few homes have them, but we have plenty of children in their thirties and even forties. There are very few adults who are under thirty.
You are correct.
The entitlement army is a fun party zone right now.
It wins elections for Dems.
But when the markets start puking on the 40% fake money, look out folks!
Exactly - the headline is dead wrong!
It should say “more men now enjoying the freedom from having to work for a living”.
“When was the last time you saw a white male in the anchor chair for local/national news - weather...the list goes on.”
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Well you could list Shep Smith and Anderson Cooper...oh, wait, you did say “straight white male” earlier didn’t you?
Too often, unfortunately
Brian Williams (NBC)
Scott Pelley (CBS)
Wulf Blister (CNN)
and dozens more, journ-0-list members all
I too am over 50. We might take longer to do things but that is only because we have 50+ years of memories to sort through. It is only after 70 that the slow decline actually starts and many over 80’s people have made astounding discoveries in their fields. Don’t let them tell you otherwise.
http://researchnews.osu.edu/archive/responsetime.htm
It does? Where is *that* reflected in the media anymore? When I was growing up, an able-bodied man who was out of work very long was considered a ne'er-do-well, a lazy bum. Now, the Left celebrates the "homeless" and men who can't find jobs often just figure out how to get on disability.
Black females have the best chance for employment. Primarily in HR departments and government jobs. O-snap!
I had to look for work after getting laid off at age 53. Took three years to get back to a position close to where I was and I blew through my severance and most of my retirement funds trying to stay afloat. I may be “underemployed” of what I am truly capable of but feel blessed by God to have survived the worst of it.
Obama incentives - destroying one citizen at a time....
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