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07-12-2024, 09:57 AM
#1
11% Of Men Age 25-54 Don't Have A Job Nor Looking For One
Today, 11% of men aged 25-54 are neither employed nor seeking work, a dramatic increase from the 3% recorded in 1955, according to data from the Bureau of Labor Statistics.
This rising trend of disengagement could have profound implications on the economy.
One significant impact is on the housing market, as fewer working individuals may lead to reduced demand for home purchases and rentals, potentially stagnating the market.
Additionally, the sustainability of Social Security could be at risk, with fewer contributors supporting a growing number of retirees.
Furthermore, the overall economic growth might be hindered as fewer people in the workforce contribute to productivity and consumer spending.
This disengagement means reduced economic activity, slowing down the potential for economic expansion.
The decrease in labor force participation also implies a loss of skills and experience, which can further weaken economic competitiveness.
Addressing this issue is crucial for maintaining economic stability and fostering growth.
Policymakers and businesses must find ways to re-engage this demographic through training programs, job incentives, and support systems.
Ensuring that more individuals are actively participating in the labor market will be essential for a robust and resilient economy.
This rising trend of disengagement could have profound implications on the economy.
One significant impact is on the housing market, as fewer working individuals may lead to reduced demand for home purchases and rentals, potentially stagnating the market.
Additionally, the sustainability of Social Security could be at risk, with fewer contributors supporting a growing number of retirees.
Furthermore, the overall economic growth might be hindered as fewer people in the workforce contribute to productivity and consumer spending.
This disengagement means reduced economic activity, slowing down the potential for economic expansion.
The decrease in labor force participation also implies a loss of skills and experience, which can further weaken economic competitiveness.
Addressing this issue is crucial for maintaining economic stability and fostering growth.
Policymakers and businesses must find ways to re-engage this demographic through training programs, job incentives, and support systems.
Ensuring that more individuals are actively participating in the labor market will be essential for a robust and resilient economy.
I know schools out, but these are like adults who are at working age.
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- LuigiMiami631
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- LuigiMiami631
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