Second Great Depression: 25 percent of Americans between 25 and 54 currently not working
by: Jonathan Benson
NaturalNews.com
Saturday, March 26, 2016
The talking heads on the television can bumble all they want about the economy improving, but the latest labor statistics sing a much different tune. According to data compiled by the Bureau of Labor Statistics (BLS), roughly one-quarter of the American working-age population is currently unemployed, a figure that matches the unemployment rate during the Great Depression.
Extrapolated into a chart created by the Senate Budget Committee, the figures show that nearly 30 million Americans between the ages of 25 and 54 are currently not working — not because they aren’t able, but because they simply cannot find work. This translates into one in four of America’s most eligible workers sitting at home all day, or on the government dole.
“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,” wrote the committee.
“This group of non-employed individuals is more than 3.5 million larger than before the recession began in 2007.”
Workplace participation hasn’t been this bad in 40 years
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