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.
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