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The official unemployment rate remains very low, despite increasing signs of an impending recession such as the inverted yield curve. But the labor force participation rate (especially among men) has not recovered from pre-COVID levels, as seen in the figure below from a new edition of Nick Eberstadt's Men Without Work. Have we ever had a recession begin under conditions of a low labor force participation rate? I don't know, but

The unemployment rate is at a 50-year low, there are 10 million unfilled jobs, yet the labor force participation rate is still lower than in 2020. What gives?

Listen to Keefer weekday afternoons from 3pm-8pm

On this episode, Ben sits down with the Henry Wendt Chair in Political Economy at the American Enterprise Institute, Nicholas Eberstadt to discuss the new, post-pandemic edition of his book Men Without Work. Initially written in 2016, Eberstadt explains the economic dynamics behind the large number

Plus, prolific bassist/vocalist tells Goldmine about all his other goings-on, from Oysterhead to Robert Trujillo collabs and more.