1 out of 4 Americans 25-54 not working and the continued expansion of those not in the labor force.
For most Americans, the best indicator of a healthy economy is having a job. With many Americans entering older age, the number of those not in the labor force is booming. It doesn’t appear to be on the radar of people that the reason the unemployment numbers look the way they do is because a massive number of Americans simply are not counted in the labor force. This ability to ignore a large portion of your population allows the numbers to appear better than they are. But this is for the entire US population. If we look at those 25-54 we find that 1 out of 4 is without a job. This is the prime working years for many Americans. The Great Recession has been a challenge for many working families. The lack of good paying work, weaker benefits, and inflation has dug deep into the pockets of many Americans. When 1 out of 4 Americans in their prime working years is out of work, something else has to give.
25-54 and 25% out of work
A Senate Budget Committee report shows an inordinately large number of Americans in their prime working years out of work. The problem for many Americans is the inability to find good jobs (or any jobs) in the current economy. We have skills being mismatched but also, many companies have found it better to provide low wage work and simply filter profits up to the top. This is a reason why the stock market is doing so well while most families are not.
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