Saturday, August 27, 2011

The slow disappearance of the American working man

disappearance-american-working-man-businessweek: Personal Finance News from Yahoo! Finance: "The portion of men holding a job—any job, full- or part-time—fell to 63.5 percent in July—hovering stubbornly near the low point of 63.3 percent it reached in December 2009. These are the lowest numbers in statistics going back to 1948. Among the critical category of prime working-age men between 25 and 54, only 81.2 percent held jobs, a barely noticeable improvement from its low point last year—and still well below the depths of the 1982-83 recession, when employment among prime-age men never dropped below 85 percent. To put those numbers in perspective, consider that in 1969, 95 percent of men in their prime working years had a job....

The bottom line: As women saw workplace gains in recent decades—68 percent of those 25 to 54 have jobs—men's prospects have diminished."

The numbers behind the headline numbers.

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