April 14, 2008

The High Jobless Rate, Especially Among Working-Age Men

Something I did not know.

In the latest report, for March, the Labor Department reported the jobless rate - also called the "not employed rate" by some - at 13.1 percent for men in the prime age group. Only once during a post-World War II recession did the rate ever get that high. It hit 13.3 percent in June 1982, the 12th month of the brutal 1981-82 recession, and continued to rise from there.
Posted by armand at April 14, 2008 11:14 AM | TrackBack | Posted to Economics


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