Prime-Aged Males Aint so Choice Any More
Justin Fox:
Employment-to-population ratio among men 25-54 hit all-time low in November: As of November, 19.4% of American men in their prime working years didn't have jobs.... [T]he current job situation (for men, at least) is much, much worse than in any downturn since the BLS started measuring this stuff in 1948. Either that or there are just a lot more stay-at-home dads, grad students, and men who voluntarily spend their days playing golf or pinochle...
There are a lot more men in school or getting their heads together than there used to be. But the fact that we will touch 80% of 25-54 year old men with jobs in this recession is stunning.
