This is the Weekend Edition of Bloomberg Opinion Today, a roundup of the most popular stories Bloomberg Opinion publishes each week based on web readership. New subscribers can sign up here; follow us on Bluesky, TikTok, Instagram, LinkedIn and Threads.

Despite all the drama about the weakening jobs numbers, the US labor market is actually doing OK. There is one major exception, however: if you happen to be a young man.

While the overall unemployment rate was still a respectable 4.2% in July, for young men aged 20 to 24, it was 8.3%, which is near recession levels — and for recent college graduates, the annual rate is 5.3%. Both of these numbers are about double the comparable figures for young women. During the pandemic, the economy was so bad for working women that it inspired the term “she-cession.” Could the US now be headed for a “he-cession”?

Men have dominated the labor market for most of the modern era, and still earn more than women, but the jobs market has not been kind to men for the last few decades. Many men, even in the prime of their lives, aren’t working. And going to college is no longer an automatic way to improve your job prospects.

The question is whether the recent decline in male employment is due to a blip in the business cycle, or represents a structural change in the economy.

Read the whole thing.

When Top Lawyers Earn $30 Million, Who Pays? — Chris Bryant

The Bureau of Labor Statistics Is Not the Problem — Kathryn Edwards

The US Will Regret Throwing India Under the Bus — Andreas Kluth

Modi Needs the White House Off His Back — Andy Mukherjee

The Stock Market Just Got a Sobering Reality Check — Conor Sen

Tesla’s $243 Million Autopilot Verdict Reveals a Glaring Flaw — Liam Denning

How the US Decided China Is Too Big to Bully — Mihir Sharma

401(k) Plans Will Get More Fun — Matt Levine

How We Avoided World War III — Tobin Harshaw

• Is the girlboss back? Female founders who fell from grace are returning to business, and while Beth Kowitt isn’t absolving them of their wrongdoing, she does count their comebacks as a victory for equity.
• Is riding the New York City subway more dangerous than riding in a car? Or not riding at all? Justin Fox has the data.
• The UK’s air-conditioning problem will only make upcoming heat waves worse, says Lara Williams.

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