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

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Great DepressionWhy 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

In a recent report, President Obama’s Council of Economic Advisers said 83 percent of men in the prime working ages of 25-54 who were not in the labor force had not worked in the previous year. So, essentially, 10 million men are missing from the workforce.

One in six prime-age guys has no job; it’s kind of worse than it was in the depression in 1940,” says Nicholas Eberstadt, an economic and demographic researcher at American Enterprise Institute who wrote the book Men Without Work: America’s Invisible Crisis. He says these men aren’t even counted among the jobless, because they aren’t seeking work.

So why is this happening?

If you look at the inactivity rate for men in the 25 to 54 age bracket, it was sitting at just 8.1 percent in January 2000.

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In January 2008, right at the beginning of the last recession, it was sitting at 9.2 percent, and by the end of the recession it had risen to 10.3 percent.

Today, it is sitting at 11.5 percent.

Remember, these are men that don’t even count toward the official unemployment rate.  They are not working, but they are not considered to be “looking for work” either.

So what are these men doing?

You may be tempted to think that many of them have decided to stay home and raise the kids as their wives go off to work.  But according to NPR, that is not what is happening

What the missing men aren’t doing in large numbers is staying home to take care of family. Forty percent of nonworking women are primary caregivers; that’s true of only 5 percent of men out of the workforce.

We do have the largest prison population in the entire world by far, and without a doubt that does play a role in these numbers.  However, a far bigger factor is the millions of men that have become content being dependents of the federal government.  More than 100 million Americans receive money from the government each month, and a lot of people (both men and women) have found that it is just easier to sit back and collect government checks than it is to go out and try to work hard for a living.

But of course the number one factor is the lack of jobs available.  I personally know people that have been looking for work in their fields for years and have not been able to get hired.  We have a major employment crisis in this nation, and it is only going to get worse in the years ahead as we continue to lose jobs to technology and millions more good jobs get shipped overseas.

And a lot of the “jobs” that have been created during the Obama administration have been very low quality jobs.  Since December 2014, we have gained about half a million jobs for waiters and bartenders, but meanwhile we have actually lost good paying manufacturing jobs.  If we continue down this road, the middle class will continue to shrink.

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In addition to everything that I have just shared, here are some other facts that are pertinent to this discussion…

-Right at this moment, there are approximately 102 million working age Americans that do not have a job.

-Nearly one out of every five young adults are currently living with their parents.

-The Wall Street Journal recently declared that this is the weakest “economic recovery” since 1949.

-Barack Obama is on track to be the only president in U.S. history to never have a single year when the U.S. economy grew by at least 3 percent.

The economy is far weaker than you are being told, the employment crisis is far worse than you are being told, and as I mentioned yesterday, the stage is clearly set for a new financial crisis of epic proportions.

And if we are going to see markets crash, this time of the year is a good time for it.  In fact, CNBC says that history tells us that this is the “worst period of the year for stocks”…

The worst period of the year for stocks has just begun — at least based on market history.

Over the entire 120-year history of the Dow Jones industrial average, Sept. 6 to Oct. 29 tends to be the worst period for the market. And more specifically, the last few weeks of September have been an especially bad time.

Someday when people look back at this time in history, they will not be surprised by how horrific the coming collapse will be.  The truth is that anyone with a lick of common sense can see that the greatest debt bubble in the history of the world is going to end badly.

No, what is going to amaze them is that the system was able to hold together as long as it did.  It truly is incredible that the debt-based, fiat currency Ponzi scheme that the central banks of the world have been desperately trying to prop up has been able to keep chugging along all the way to the middle of 2016.

How much longer can they keep the magic going?

I don’t know, but history tells us that time is not on their side…

Courtesy of The Economic Collapse Blog

14 Comments

  1. yep – finished up a contract and looked for my next one and after 13 months and 211 applications, still nothing. gotta love it. i’ve seen a lot of lies in recruiting though and people wanting to take advantage of me in this condition and people who think there must be something wrong with me and on and on it goes. strange times.

  2. I don’t trust these numbers any more than I trust the governments, because they’re the SAME. “Official unemployment numbers”, Men not looking for work, blahblahblah. Here’s what happens. You lose your job and file for unemployment. They keep a record of the number of people that filed. You either get approved or you don’t, if you don’t, you don’t collect unemployment. They DON’T keep a record of the number of people that were denied. If you are collecting they keep a record of that until it runs out or until you’re denied because your work search record was zealous enough. But you only have to report that you are looking for work while you’re collecting. After you drop out, you don’t report anything to them. In the former Soviet Union, people had their “Official Job” that the state kept track of, and their unofficial job…off the books, under the table, …that you used to get ahead, not just get by. This is what we have come to here.

  3. Obama has done almost everything he sat out to do at the beginning of his Presidency That is destroy America in any and all ways possible, some of the actions he has taken will not take effect until is out of office. The thinking there was he and the Democrats will not be blamed. It everything crashes before he leaves office, in his mind he is will still be a roaring success.
    The Obama voters said twice they wanted America fundamentally transformed, they were to stupid to ask, “transformed into WHAT?” If his answer had been a banana republic he probably still would have been elected as he won by a large part on race alone, he had no qualifications.
    What percentage of workers were unemployed at the very worst of the great depression ? Over 30 % ? The big difference now is welfare, without that we would have had a revolution long ago. When the money runs out if will happen anyway, when we have more takers than producers, it’s all over and we are no far from that point now. I weep for what’s left of my country !

    • If we elect Trump, It may be possible to save the country. If the Underclass can install Hillary, America is finished.

  4. Exactly what to expect when the politicians are all bought and paid for and bribed by world corporations and shipping everything overseas for slave labor and trying to pass Shi* laws creating nafta and ttp bull crap unions like Britain just got rid of, also the crap pipelines which are desecrating the likes of the originals Land in the Dakotas Hello!

  5. Hey America, as I have imparted in the past, we Americans are quite aware, after 8
    effn year of this Black turd’s reign of terror delineated as a dictatorship, that we need
    to mirror what a rabble group of peasants, in 1789, grabbed their muskets and pitch-
    forks and stormed the Paris Bastille (prison), and arrested their worthless King and
    Queen. Today, we Americans are countenanced with the same conundrum. We main-
    tain a dictator in the White Mosque whom is not an American citizen, supported by a
    former NAZI collaborator, George Soros, during WW2 in his native Hungary, whom has
    used his wealth to attempt to destroy the U.S. economy and capitalism as we know it.
    Soros is still a NAZI turd, and learned his lessons well from the followers of Adolf Hitler.
    History has proven that everytime a Black has been awarded the privilege to govern,
    his constituents normally suffer under his dictatorship, using the countries of the United
    States and Africa, as prime examples. It is beyond my comprehension how stupid
    Americans elected/selected this worthless Black mutt of a POS of a token Tar-Baby of
    a Muslim POTUS, when most White Americans would never give a Black, the time of
    day, primarily because of their ethnic background to maintain violence, rather than
    obtaining a sound education to provide them with lucrative employment. Today, most
    Blacks and Muslims, are employed, therefore, in order to survive, they must resort
    to crime. Currently, in our Federal Prisons, Blacks and Muslims maintain the guests
    of honor. Without appearing to be rude, I believe that 99% of Blacks and Muslims
    are born, one taco short of a full-platter, and to enforce my words of wisdom, this is
    why “AFFIRMATIVE ACTION” was invented, with the current worthless Muslim POTUS,
    as a graduate. The current worthless Black turd of a POS of a token Tar-Baby of
    a Muslim POTUS, is not the smartest person in the room. His I.Q. is the sum of his
    hat and shoe size.

  6. The reason the public cannot see the Soup lines is that they have been replaced by the EBT, Welfare and food assistance cards used by the poor at the grocery stores. Our alleged national debt has doubled under the reign of O-Fuckus and his Muzzy Nigger accomplices occupying the (White House),

  7. The American recession has gone on now for about 20 years, The one worlders are to blame, Vote Trump to return to prosperity.

  8. Go read the Iranian Laundramat article on American thinker you can see O is out to destroy everything about America under his commander Soros and ONE WORLD ORDER GOONS Rothschilds. Vote Trump get rid of these fools jack a$$es

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