What's going on with men's labor force participation?

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• 00:01

  Npr.

• 00:11

  This is the indicator for Planet money.

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  I'm Adrienne Ma.

• 00:14

  I'm Waylon Wong.

• 00:15

  And I'm Darion Woods.

• 00:17

  It is jobs Friday.

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  It's the day of the month where we check in on the latest jobs report and we talk about trends in the American labor market.

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  And as always, we start off with the headline numbers.

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  So today's jobs report from the Bureau of Labor Statistics shows that in December, the unemployment rate ticked down slightly to 4.1%.

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  That's good news.

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  And the economy also added 256,000 jobs.

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  So for the last month of 2024, the jobs market finished pretty strong.

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  Yeah, it's looking pretty good.

• 00:50

  Yeah.

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  And what's interesting is that for a few months there, there were some concerning signs that maybe the jobs market was softening, although those numbers were also sort of muddied by labor strikes and hurricanes.

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  But in any case, these latest numbers suggest that employers are in a hiring mood right now.

• 01:08

  So coming up, we'll dig a little deeper and we'll also talk about the jobs indicators that we find most interesting right now.

• 01:15

  I'll talk about how a lot of Americans saw their wages rise in 2024.

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  I'm going to look at what's going on with men's participation in the labor force.

• 01:24

  Also, why people who are unemployed are staying that way for longer.

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