Prime-Age Males Not in the Labor Force: Some Patterns
Prime-Age Males Not in the Labor Force: Some Patterns
Being in the labor force, in the economics jargon, refers either to having a job or being unemployed and looking for work.
Conversely, being out of the labor force means both not having a job and not looking for work. In the US economy, it used to be that almost all prime-age men in the 25-54 age group were in the labor force, but the share out of the labor force has been rising for decades. Here s the data from the Bureau of Labor Statistics.