Worse Than the Depression: 1 in 6 Working Age Males Has No Job Under Obama
<http://www.thegatewaypundit.com/author/jim-hoft/> Jim Hoft Sep 7th, 2016 7:49 am The numbers are in and after seven years of Obamanomics the economic climate in America is worse than the depression. One in six working age males in America has no job. Millions of men in their prime working years have dropped out of the workforce. <https://t.co/MpBg2N2e8X> https://t.co/MpBg2N2e8X <https://t.co/NhcrssK1Y2> pic.twitter.com/NhcrssK1Y2 NPR (@NPR) <https://twitter.com/NPR/status/773496188209364992> September 7, 2016 ** Barack Obama is also the first president on record to <http://www.thegatewaypundit.com/2016/07/league-obama-first-president-ever-n ot-see-single-year-3-gdp-growth/> not see a single year of 3% GDP growth. The <http://www.tradingeconomics.com/united-states/gdp-growth> latest quarterly GDP rate was 1.1 percent. <http://www.npr.org/2016/09/06/492849471/an-economic-mystery-why-are-men-lea ving-the-workforce?utm_source=twitter.com&utm_medium=social&utm_campaign=mov ies&utm_term=artsculture&utm_content=20160907> NPR reported: At 4.9 percent, the nations unemployment rate is half of what it was at the height of the Great Recession. But that number hides a big problem: Millions of men in their prime working years have dropped out of the workforce meaning they arent working or even looking for a job. Its a trend thats held true for decades and has economists puzzled. In the 1960s, nearly 100 percent of men between the ages of 25 and 54 worked. Thats fallen over the decades. <https://www.whitehouse.gov/sites/default/files/page/files/20160620_cea_prim eage_male_lfp.pdf> In a recent report, President Obamas 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; its 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: Americas Invisible Crisis. He says these men arent even counted among the jobless, because they arent seeking work. Eberstadt says little is known about the missing men. But there are factors that make men less likely to be in the labor force a lack of college degree, being single, or being black Indeed, economists say technology and overseas competition are displacing many jobs. EM On the 49th Parallel Thé Mulindwas Communication Group "With Yoweri Museveni, Ssabassajja and Dr. Kiiza Besigye, Uganda is in anarchy" Kuungana Mulindwa Mawasiliano Kikundi "Pamoja na Yoweri Museveni, Ssabassajja na Dk. Kiiza Besigye, Uganda ni katika machafuko"
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