20% of working age men are unemployed
The official unemployment rate hovers around 10%, but that does not tell the whole story, which is much worse. According to an analysis done by TIME Magazine’s Justin Fox, almost 20% of 25-54 year old men are unemployed today, a receord since the Bureau of Labor Statistics started keeping track of the data just after World War II. An unemployment rate of 20% among men in their prime is shocking. Absent the substantial government transfer payments today and the large labor force participation by women, the 20% male unemployment figure would be regarded as the national emergency it is.