Rate for Employed Males in US Hits New Low

Saturday, 16 Apr 2011 12:33 AM

By Jim Meyers

Share:
  Comment  |
   Contact Us  |
  Print  
|  A   A  
  Copy Shortlink
Only 66.8 percent of American men had jobs in 2010, the lowest percentage on record. And overall, just 45.4 percent of Americans held a job last year, posing a serious challenge for financing the nation’s social programs.

The overall employment figure of 45.4 percent is the lowest level since 1983, when women began entering the workforce in large numbers, according to a USA Today analysis.

The bulk of Americans who are not working has shifted from children to adults. In 2000, the nation had about the same number of children and non-working adults. Since then, however, the number of non-working adults has grown by 27 million, while the country added only 3 million children under age 18.

Several factors are contributing to the low employment percentages. Men are dropping out of the workforce as jobs in construction and manufacturing disappear. Until the 1960s, more than 80 percent of men had jobs. The percentage of women with jobs, which had been steadily rising, leveled off between 1995 and 2010, when it was 56 percent.

Also, 77 million Baby Boomers are beginning to move from the workforce into retirement.

USA Today observes that retirees are more expensive to support than children. The average public school education costs $10,000 a year, while the average retiree receives $25,000 a year in benefits.

John Goodman, president of the National Center for Policy Analysis, declared: “No matter how wealthy you are, you have a problem if half the population is not working and depending on those who are.”

© 2014 Newsmax. All rights reserved.

Share:
  Comment  |
   Contact Us  |
  Print  
  Copy Shortlink
Around the Web
Join the Newsmax Community
Please review Community Guidelines before posting a comment.
>> Register to share your comments with the community.
>> Login if you are already a member.
blog comments powered by Disqus
 
Email:
Retype Email:
Country
Zip Code:
Privacy: We never share your email.
 
Hot Topics
Follow Newsmax
Like us
on Facebook
Follow us
on Twitter
Add us
on Google Plus
Around the Web
You May Also Like

Goldman, US Agency in Mortgage Settlement Worth $1.2 Billion

Friday, 22 Aug 2014 21:30 PM

Goldman Sachs has agreed to a settlement worth $1.2 billion to resolve claims that it misled U.S. mortgage giants Fannie . . .

Cop Who Pushed CNN Anchor in Ferguson Suspended Over Racist Speech

Friday, 22 Aug 2014 21:41 PM

A St. Louis County police officer who pushed back a CNN anchor during a live broadcast from Ferguson, Missouri, this wee . . .

Kudlow: Obama Using 'Left-wing Populist Tricks and Class Warfare'

Friday, 22 Aug 2014 19:08 PM

Badly behind in the polls, Team Obama is resorting to its old left-wing populist tricks, says renowned economist and CNB . . .

Most Commented

Newsmax, Moneynews, and Independent. American. are registered trademarks of Newsmax Media, Inc. Newsmax TV, NewsmaxWorld, NewsmaxHealth, are trademarks of Newsmax Media, Inc.

 
NEWSMAX.COM
America's News Page
©  Newsmax Media, Inc.
All Rights Reserved