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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:

Go deeper

Updated 6 hours ago - World

UK government: Kremlin has plan "to install pro-Russian leadership" in Ukraine

British Foreign Secretary Elizabeth Truss. Photo: Gints Ivuskans / AFP via Getty Images

The United Kingdom's Foreign Secretary on Saturday night said the government has "information that indicates the Russian Government is looking to install a pro-Russian leader in Kyiv as it considers whether to invade and occupy Ukraine."

Driving the news: U.S. National Security Council spokeswoman Emily Horne called the intelligence "deeply concerning" in a statement to Axios. The Biden administration has said Russia is actively manufacturing a pretext for invasion and warned that Putin could use joint military exercises in Belarus as cover to invade from the north.

Updated 7 hours ago - Science

This powerful new accelerator looks for keys to the center of atoms

Illustration: Eniola Odetunde/Axios

Nuclear physicists trying to piece together how atoms are built are about to get a powerful new tool.

Why it matters: When the Facility for Rare Isotope Beams begins experiments later this spring, physicists from around the world will use the particle accelerator to better understand the inner workings of atoms that make up all the matter that can be seen in the universe.

Updated 7 hours ago - Politics & Policy

Omicron dashboard

Illustration: Aïda Amer/Axios

  1. Health: FDA OKs antiviral drug remdesivir for non-hospitalized COVID patients — Walensky: CDC language "pivoting" on "fully vaccinated" — Pfizer and Moderna boosters overwhelmingly prevent Omicron hospitalizations, CDC finds.
  2. Vaccines: The case for Operation Warp Speed 2.0 — Teens and adults missed 37 million vaccinations during COVID — Team USA 100% vaccinated against COVID ahead of Beijing Olympics — Kids' COVID vaccination rates are particularly low in rural America — Annual COVID vaccine preferable to boosters, says Pfizer CEO.
  3. Politics: Arizona governor sues Biden administration over COVID funds tied to mandates — Biden concedes U.S. should have done more testing — Arizona says it "will not be intimidated" by Biden on anti-mask school policies.
  4. World: American Airlines flight to London forced to turn around over mask dispute — WHO: COVID health emergency could end this year — Greece imposes vaccine mandate for people 60 and older — Austria approves COVID vaccine mandate for adults — Beijing officials urge COVID-19 "emergency mode" before Winter Olympics.
  5. Variant tracker