Friday, April 03, 2009

The "Man-Cession" Worsens; Male (9.5%) - Female (7.5%) Jobless Rate Gap of 2% is Highest in History


According to today's BLS report (Table A-1, Household Data), the U.S. economy has lost 5.76 million jobs since Dec. 2007. Further analysis shows that 79% of the job losses (4.551 million) were jobs held by males, compared to female jobs losses of 1,209,000, or 21% of the total (see top chart above). Of the 860,000 March jobs decline (household data), 84% of the job losses were male jobs (724,000), compared to a 136,000 job loss for females (16% of total).

Further, the March unemployment rate for men was 9.5% vs. 7.5% for women, and the 2% male-female jobless rate gap is at an all-time historical high, exceeding the previous record difference of 1.6% in January 2009.

See today's Chicago Tribune story "
Men Take Lead at the Unemployment Line."

3 Comments:

At 4/03/2009 12:51 PM, Blogger ExtremeHobo said...

I used to manage bartenders at a bar and I could never send a cute girl home on a slow day, but men were easy!

 
At 4/03/2009 1:20 PM, Anonymous Anonymous said...

I think this graph is a little misleading. It appears at first glance that females outnumber males in employment. These should be plotted along the SAME Y axis. The point will still get through.

 
At 4/03/2009 5:02 PM, Blogger QT said...

Anon. 1:20,

I agree that the scale is very misleading.

Extreme,

Men dominate many of the most vulnerable sectors ie. construction, steel, mining, forestry, & the auto sector. Is it really a surprise that men have higher unemployment?

 

Post a Comment

Links to this post:

Create a Link

<< Home