The Percentage Of Working Age Men That Do Not Have A Job Is Similar To The Great Depression

The Percentage Of Working Age Men That Do Not Have A Job Is Similar To The Great Depression

http://www.washingtonsblog.com/2016/09/the-percentage-of-working-age-men-that-do-not-have-a-job-is-similar-to-the-great-depression.html

By: Michael Snyder
Date: 2016-09-07

Why are so many men in their prime working years unemployed?  The Obama administration would have us believe that unemployment is low in this country, but that is not true at all.  In fact, one author quoted by NPR says that “it’s kind of worse than it was in the depression in 1940?.  Most Americans don’t realize this, but more men from ages 25 to 54 are “inactive” right now than was the case during the last recession.  We have millions upon millions of strong young men just sitting around doing nothing.  They aren’t employed and they aren’t considered to be looking for employment either, and so they don’t show up in the official unemployment numbers.  But they don’t have jobs, and nothing the Obama administration does can eliminate that fact.

According to NPR, “nearly 100 percent of men between the ages of 25 and 54 worked” in the 1960s.

In those days, just about any dependable, hard working American man could get hired almost immediately.  The economy was growing and the demand for labor was seemingly insatiable.

But today, one out of every six men in their prime working years does not have a job…

Campaign Question: Is Upward Mobility a Thing of the Past?

Campaign Question: Is Upward Mobility a Thing of the Past?

http://whowhatwhy.org/2016/08/18/campaign-question-upward-mobility-thing-past/

By: Bob Hennelly
Date: 2016-08-18

Janet Yellen, the head of the Federal Reserve, can’t explain the disconnect between middle-class frustration and the national statistics on the economy that show a low jobless rate, a healthy stock market, and a strong dollar.

Similarly, the mainstream media were taken by surprise when populist anger stoked the success of Sen. Bernie Sanders and Donald Trump.

Former Secretary of State Hillary Clinton, campaigning for the presidency, understands there are pockets of bad news in some parts of the country. The economy, she concedes, is “not peachy keen.”

But in hundreds of neighborhoods across the country, particularly in hard-hit states like Florida, Ohio and Pennsylvania, the reality is very far from “peachy.” Indeed, the economic reality in  three counties in those states, often considered accurate predictors of the results of presidential elections, remains bleak.