Wednesday, April 20, 2011

Percent of US Men in Workforce Lowest on Record

The percentage of the total population in workforce is at historic lows as well, the lowest since woman started seriously entering joining their male compatriots in the office. As discouraging as the unemployment numbers are, they may be a the rose tinted glasses view of the American job market.

"The share of the population that is working fell to its lowest level last year since women started entering the workforce in large numbers three decades ago, a USA TODAY analysis finds.

Only 45.4% of Americans had jobs in 2010, the lowest rate since 1983 and down from a peak of 49.3% in 2000. Last year, just 66.8% of men had jobs, the lowest on record.

The bad economy, an aging population and a plateau in women working are contributing to changes that pose serious challenges for financing the nation's social programs.

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