Saturday, February 8, 2014

More than one in six men in Prime Working Ages Don't Have Jobs

Mark Riley was 53 years old when he lost a job as a grant writer for an Arkansas community college. "I was stunned," he said. "It happened on my daughter's 11th birthday." His boss blamed state budget cuts. 
That was almost three years ago and he still hasn't found steady work. Mr. Riley, whose unemployment benefits ran out 14 months ago, says his long and fruitless search is proof employers won't hire men out of work too long. 
"We're poor, but we're not broke," Mr. Riley said. "We still have property. We have cars. We have some assets, we just can't liquidate them."
Mr. Riley's frustration is widely shared. More than one in six men ages 25 to 54, prime working years, don't have jobs—a total of 10.4 million. Some are looking for jobs; many aren't. Some had jobs that went overseas or were lost to technology. Some refuse to uproot for work because they are tied down by family needs or tethered to homes worth less than the mortgage. Some rely on government benefits. Others depend on working spouses. 
Having so many men out of work is partly a symptom of a U.S. economy slow to recover from the worst recession in 75 years. It is also a chronic condition that shows how technology and globalization are transforming jobs faster than many workers can adapt, economists say.
[...] 
The bleak prospects for the long-term unemployed—40% of men looking for jobs say they have been out of work six months or more—alarms policy makers and economists. The longer a person is unemployed, according to historic data, the harder it is to find a job. 
Surveys find that most of the jobless spend their days in the same way working men spend weekends—watching TV, working out, sleeping. Economists say part of the problem is that men with few marketable skills and little education can't find work that pays enough to get them off the couch.
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2 comments:

BOSMAN said...

"More than one in six men ages 25 to 54, prime working years, don't have jobs—a total of 10.4 million. Some are looking for jobs; many aren't. Some had jobs that went overseas or were lost to technology. Some refuse to uproot for work because they are tied down by family needs or tethered to homes worth less than the mortgage. Some rely on government benefits. Others depend on working spouses."

ObamaNOMICS...Yeah...get a part time job...Team Obama thinks you'll be a lot Happier...more time to spend at home with your family...or become an Entrepreneur....You could start collecting bottles and cans on trash day in your neighborhood and redeem them for cash..I guess you could call that a Green Job...huh? That would make Barry happy..

Anonymous said...

Just think of all the time they get to spend with their families now! Instead of simply being 'unemployed', they are now Affordable Health cared out'.