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One of every five men 25 to 54 isn't working - and White House economic adviser Larry Summers says that it five years it'll be one in six. From WSJ columnist David Wessel:
Demand for workers who haven't much education--which includes many men, particularly minority-group men--is waning. A shrinking fraction of them are working. Some are looking for work; some have given up. Some are collecting disability benefits or an early-retirement pension. Some are just idle. On average, surveys find, the unemployed in the U.S. spend 40 minutes a day looking for work and 3 hours and 20 minutes a day watching TV.
Mark Lacter created the LA Biz Observed blog in 2006. He posted
until the day before his death on Nov. 13, 2013.