Thursday, February 06, 2014

Mancession Grips America

The Wall Street Journal reported Thursday that 17 percent of working age men are out of a job, compared to just 6 percent in the early 1970s. While other groups have recovered from the recession, men—who have struggled to keep pace with a changing job market—have been slower to climb out of the hole. Two-thirds of the men out of work say they are not even looking for jobs any more, which means the government does not count them towards the unemployment rate. According to the report, those men who are out of work end up spending the days like they would on the weekend—on the couch, watching TV, sleeping, or working out.

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