The New York Times - DEC. 11, 2014
At
every age, the chances of not working have changed in the last 15
years. Teenagers are far more likely not to work. Older people are
retiring later and working more. In the ages in between — the periods of
life when most people work — the changes have been smaller, but they
are still substantial.
In the late 1960s, almost all men between the ages of 25 and 54 went to work. Only about 5 out of every 100
did not have a job in any given week. By 2000, this figure had more
than doubled, to 11 out of every 100 men. This year, it’s 16. (People in
the military, prison and institutions are excluded from these figures.)
Of
course, the economy was stronger in 2000 than it is today, with a lower
official unemployment rate — the share of people not working and
actively looking for work — than today. But for prime-age men, the rise
in official unemployment explains only about one-third of the increase
in not working.
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