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Photo: John Moore/Getty Images

Men between the ages of 25-34 are participating in the job market — that is, working or looking for a job — at lower rates than they were prior to the 2008 financial crisis (86.8% then vs. 86.1% now), according to the Bureau of Labor and Statistics, despite recent wage growth and lower unemployment.

The bottom line: 500,000 more men would currently be working or looking for employment if their participation was at pre-2008 levels, Bloomberg reports.

The big picture: Several economists have said the drop has contributed to a simultaneous dip in what they characterize as "marriageable" men, which has resulted in fewer marriages and higher rates of children being born out of wedlock. This, they say, can lead to future financial instability for families.

How we got here:

  • Men in the 25-34 age group graduated from high school and college just as the job market fell into stagnation following the 2008 financial downturn, and many went back to school due to the failing job market.
  • Many were also shut out of jobs in the manufacturing sector, which are "dead-end jobs" anyway, according to a JFF and Burning Glass Technologies study.
  • The top reason for not working was disability or illness (32.9% cited this in 2016, according to an analysis by the Federal Reserve Bank of Kansas City).
  • The opioid epidemic may also be a factor, given the workforce has fallen significantly in areas with high concentrations of opioid prescriptions.

The other side: Women in the same age group have surpassed their pre-2008 job market participation rate (it was 70.9% then and is now 74.0%).

Go deeper:

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The new Washington

Illustration: Sarah Grillo/Axios

The Axios subject-matter experts brief you on the incoming administration's plans and team.

Rep. Lou Correa tests positive for COVID-19

Lou Correa. Photo: Tom Williams/CQ-Roll Call, Inc via Getty Images

Rep. Lou Correa (D-Calif.) announced on Saturday that he has tested positive for the coronavirus.

Why it matters: Correa is the latest Democratic lawmaker to share his positive test results after last week's deadly Capitol riot. Correa did not shelter in the designated safe zone with his congressional colleagues during the siege, per a spokesperson, instead staying outside to help Capitol Police.

Far-right figure "Baked Alaska" arrested for involvement in Capitol siege

Photo: Shay Horse/NurPhoto via Getty Images

The FBI arrested far-right media figure Tim Gionet, known as "Baked Alaska," on Saturday for his involvement in last week's Capitol riot, according to a statement of facts filed in the U.S. District Court in the District of Columbia.

The state of play: Gionet was arrested in Houston on charges related to disorderly or disruptive conduct on the Capitol grounds or in any of the Capitol buildings with the intent to impede, disrupt, or disturb the orderly conduct of a session, per AP.