"Did you know that when you take the number of working age Americans that are officially unemployed (8.2 million) and add that number to the number of working age Americans that are considered to be “not in the labor force” (94.3 million), that gives us a grand total of 102.5 million working age Americans that do not have a job right now?
I have written about this before, but today I want to focus just on Americans that are in their prime working years.
When you look at only Americans that are from age 25 to age 54, 23.2 percent of them are unemployed right now.
The following analysis and chart come from the Weekly Standard…
Here’s a chart showing those in that age group currently employed (95.6 million) and those who aren’t (28.9 million):
“There are 124.5 million Americans in their prime working years (ages 25–54).
Nearly one-quarter of this group—28.9 million people, or 23.2 percent of the total—is not currently employed.
They either became so discouraged that they left the labor force entirely, or they are in the labor force but unemployed.
This group of non-employed individuals is more than 3.5 million larger than before the recession began in 2007,” writes the Republican side of the Senate Budget Committee.
...What are we to make of all this?
For both men and women in their prime working years, the inactivity rate is even higher than it was during the last recession and is hovering near the all-time record.
All of these people neither have a job nor are they looking for one.
So what in the world is going on here?
Are they independently wealthy?
Have these people found rich spouses to marry so they don’t have to work?
No, the truth is that the middle class in America is steadily eroding and poverty is absolutely exploding.
Credit card debt has soared to a new record high, and 48 percent of all U.S. adults under the age of 30 believe that “the American Dream is dead”.
The issue isn’t that people don’t want to work.
The issue is that people cannot find enough work..."
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