The stock market continues to set new records. Unemployment continues to go down. The United States is now at or near "full employment," at least according to received wisdom. But a closer look at economic data by Nicholas Eberstadt reveals something else entirely. While "unemployment" has gone down, the work participation rate, and especially the male work rate, has been relentlessly declining for most of the postwar era and is now reaching a crisis with Depression-era levels.- From the publisher.