Tuesday, August 01, 2006

Choosing not to work

There is an interesting NY Times article about more and more men over 30 choosing not to work after unemployment where previously it was assumed all men would try to get back to work. I note it mentions the unemployment rate being very low but that unemployment figures do not include those no longer actively seeking a job. So, as this article has indicated there is an awful lot of people, increasingly men, out there who have stopped bothering to look for jobs that is hiding the true decline in the workforce. Those figures are available (I haven't dug them out for a couple of year) and I'm sure they are illuminating.

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