Among the issues most commonly discussed are individuality, the rights of the individual, the limits of legitimate government, morality, history, economics, government policy, science, business, education, health care, energy, and man-made global warming evaluations. My posts are aimed at thinking, intelligent individuals, whose comments are very welcome.

"No matter how vast your knowledge or how modest, it is your own mind that has to acquire it." Ayn Rand

15 December 2013

If the Great Recession has Ended, Why Are Fewer Prime Working Age Men Employed?

We are constantly being told that the economy is getting better, albeit slowly.  I have pointed out many times that the employment participation rate has not improved throughout 2010, 2011, 2012, or 2013.  I have pointed out many times that the real, per capita GDP has not grown, though this is a far better measure of our real condition than the GDP or that fake real GDP according to the government.

Another of many indicators that there is no improvement is the terrible plight of employment among men of the prime working ages 25 -54 years old.  Unemployment among men of these ages has continued to climb at rates in excess of population growth since the government declared recession supposedly ended.


It sure is difficult for Obama and the government to call a spade a spade.  This is some recovery when 12% of men of the prime working ages are unemployed!

3 comments:

Andrew Underwood said...

This is by no means surprising to me. In fact, it actually makes a lot of sense. I found it hard to believe that, if the economy was recovering and the unemployment rate dropping, I was still having so much trouble finding work. With regard to the administration being unable to "call a spade a spade" however, how surprising is it really that a politician would put a spin on such a situation that benefits his agenda? Not that I'm defending the Obama administration by any means, but this particular action is just par for the course in politics.

Charles R. Anderson, Ph.D. said...

While it is true that most politicians try to misrepresent conditions unfavorable to their agenda, the degree to which this is true is still an important variable. Obama is one politician who delights in telling lies and he is sure his teleprompter eloquence will con the People for whom he has little but contempt.

Charles R. Anderson, Ph.D. said...

Andrew, I wish you well in finding a rewarding and challenging professional position. These are indeed hard times.