Happy Father's Day: It's Still a Mancession
The top two charts above display monthly jobless rates by gender, and the third chart displays employment levels by gender, with the following key points:
1. Between 2002 and 2007, jobless rates were roughly equal by gender, except during the "jobless recovery" of 2002-2003 when male unemployment exceeded female unemployment, but never by more than 0.9% (July 2003).
2. Male unemployment reached 11.4% in October 2009, a record all-time postwar jobless rate high for men, exceeding the previous record high of 11.2% in December 1982.
3. Female unemployment is currently at 8.8%, and has been at that level for four out of the last eight months, but never higher. That's far below the record-high female jobless rate of 10.4% set in December 1982.
4. The May 2010 male-female jobless rate gap of 1.7% (10.5% male vs. 8.8% female) is down from the postwar record-high gap of 2.7% last August, but is still very high by historical standards. During (or following) the three previous recessions (1981-82, 1990-91, 2001), the peak male-female jobless rate gap averaged about 1%, and never exceeded 1.2% (April 1983).
5. During the 1970s, the female unemployment rate was generally higher than the male rate, and jobless rate gaps exceeded 2% during recessions, but in favor of men (see middle chart).
6. Between December 2007 and December 2009, household employment fell by almost 8.38 million jobs, and 68.5% of those were jobs held by men (5.74 million) and 31.5% were jobs held by women (2.64 million). During this two-year period, 217 men lost their jobs for every 100 women who lost jobs.
Read more here about The Great Mancession of 2008-2009 (and it's still not yet over).