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Little Employment Joy for Men on Father’s Day 2013
As Father’s Day (June 16) and the third anniversary of the Obama Administration declaration of the start of “Recovery Summer” (June 17) approach, it’s worth reviewing how men have been faring in the Obama economy. As the graphs below indicate, the answer is not well – especially for men in their prime working years who are the most likely to have young families to support this Father’s Day.
“Part of what’s happening is that more men have been getting laid off and are having difficulty finding work,” notes Sarah Jane Glynn, an analyst with the liberal Center for American Progress. “And with the way the recovery’s played out, some men who lost their jobs wound up taking others that paid less.”
The overall unemployment rate rose to 7.6 percent in May 2013, while the unemployment rate for men rose to 7.9 percent. These data points contrast sharply with the 5.1 percent unemployment rate the Obama Administration first predicted for this month when it was promoting its stimulus policies. According to one of the Administration’s former economic strategists, Jared Bernstein, that would be better than “full employment.” Unfortunately, we’re not even close to that level today.
The following charts provide more detail about what is actually happening with men between the ages of 25 and 54, who are the most likely to celebrate Father’s Day with their sons and daughters this Sunday:
Figure 1. Number of Men Employed, 25-54 Years of Age (seasonally adjusted)
Figure 2b. Number of Men Working Part Time, 25-54 Years of Age (not seasonally adjusted)
Figure 3. Male Labor Force Participation Rate, 25-54 Years of Age (seasonally adjusted)
Note: All figures from U.S. Department of Labor, Bureau of Labor Statistics.