Richmond Fed's Economic Quarterly Examines the Trend of Working-Age Men Leaving the Labor Force


RICHMOND, VA--(Marketwire -05/15/12)- Marianna Kudlyak, Thomas Lubik, and Jonathan Tompkins of the Richmond Fed explore changes in the aggregate employment of men between the ages of 25 and 64 in the United States from 1968 to 2010. Since 1970, the percentage of this group that is employed has trended down, and the percentage that is out of the labor force has trended up. In the aftermath of the Great Recession, 76.3 percent of the group was employed in 2010 (an all-time low), while 14.7 percent was out of the work force (an all-time high). The authors decompose the changes in these labor market outcomes into changes in the sociodemographic composition of the population and changes in the labor market outcomes of different sociodemographic groups. Using those results, they project that the share of men aged 25 to 64 out of the labor force may increase to 16 percent in 2015.

You can find the full text of this article and others in the latest issue of Economic Quarterly at:

Also in the Fourth Quarter 2011 issue:

  • Strategic Behavior in the Tri-Party Repo Market by Huberto M. Ennis

  • K-Core Inflation by Alexander L. Wolman

  • The Cost of Unanticipated Household Financial Shocks: Two Examples by Kartik Athreya and Urvi Neelakantan

The Economic Quarterly is a free publication containing economic analysis pertinent to Federal Reserve monetary and banking policy. For free copies or more information, contact the Federal Reserve Bank of Richmond's Research Department--Publications at 800.322.0565 or visit

The Federal Reserve Bank of Richmond is one of 12 District Reserve Banks that together with the Board of Governors in Washington, D.C., make up the Federal Reserve System. The Richmond Fed serves the Fifth Federal Reserve District, which encompasses the District of Columbia, Maryland, North Carolina, South Carolina, Virginia, and most of West Virginia.


John Weinberg
Director of Research
Federal Reserve Bank of Richmond
Amanda Kramer
Managing Editor
Federal Reserve Bank of Richmond Economic Quarterly
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