Sad stat about jobs

One of every five men 25 to 54 isn't working - and White House economic adviser Larry Summers says that it five years it'll be one in six. From WSJ columnist David Wessel:

Demand for workers who haven't much education--which includes many men, particularly minority-group men--is waning. A shrinking fraction of them are working. Some are looking for work; some have given up. Some are collecting disability benefits or an early-retirement pension. Some are just idle. On average, surveys find, the unemployed in the U.S. spend 40 minutes a day looking for work and 3 hours and 20 minutes a day watching TV.

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Mark Lacter
Mark Lacter created the LA Biz Observed blog in 2006. He posted until the day before his death on Nov. 13, 2013.
 
Mark Lacter, business writer and editor was 59
The multi-talented Mark Lacter
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