Record Millions Of US Adults Giving Up On Ever Finding Work | Nicholas Eberstadt

Wealthion - Be Financially Resilient · Dec 13, 2022 · 1h 11m

A lot of focus is put on the employment rate by today's economists. And by their measure, the jobs market is still robust, with unemployment, currently at 3.7%, down near all-time lows.

However, those calculations completely ignore the 100 million US adults categorized as "not in the labor force" who do not work and are not looking for work. That's pretty much 1 out of every 3 US adults.

A good number of those people are retired or are students. Some are caregivers and some are on disability. But a growing number of them, especially men between 25-54 years old, are voluntarily giving up…