Those people are not accounted for in the unemployment rate, which ticked down to 3.4% last month. The economist estimates roughly 7 million men between the ages of 25-54 are believed to be sitting on the sidelines, not looking for work. “We have this remarkable paradox where we have very high numbers of prime-age men who are neither working nor looking for work at the same time that we've got a unprecedented, peacetime labor shortage where we have over 10 million unfilled open positions in the economy,” said Eberstadt. The trend, which he describes in his recently updated book, "Men Without Work," has been underway for two generations now. The problem, according to Eberstadt: "The prime age male component of the labor market," or men who have left the labor force and are not looking for work. "We've got men and women who are sitting on the sidelines of the economy and not applying to these jobs.” “It's really unfamiliar what's happening now,” Eberstadt told Yahoo Finance. Despite all the recent headlines about layoffs and strong jobs growth, "really large numbers of jobs in the United States" are still waiting to be filled, said Nick Eberstadt, economist and demographer at the American Enterprise Institute.
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