Thursday, January 20, 2011

Number of Young American men out of work

This is Stuart Staniford's blogspot, I always learned a lot from his posts on the oildrum.
http://earlywarn.blogspot.com/2011/01/employment-for-young-american-men.html#more

The graph above shows the employment-population ratio for men since then, broken out by age. You can see that for all the groups below age 55, employment opportunities fell sharply between 2000 and about 2003, then recovered slightly until 2007 -- but not to the 2000 level. Then they fall sharply in the great recession and have pretty much barely improved at all since then.

The one exception is the age group 55-64 who increased their participation through 2007, but we probably should see this is a sign of societal stress also - less ability for men to retire early.


Ranulf comments:  That last graph is young black men.. down to just 1 in 3 of them working. It is amazing the contrast when you think about it, older people in western societies living a great retirement on generous pensions, their house paid off, going on nce vacations and generally enjoying life. But for the younger generaton not even a job to be found, and the future is honestly a life on subsistence welfare.

But the vast majority of voters are still those older people, who the mainstream ideas are working just fine for.

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