Friday, February 06, 2009

The "Man-Cession" Worsens, Record M-F Gap

According to today's BLS labor report, the gap between the male jobless rate (8.3%) and female jobless rate (6.7%) widened to 1.6%, which is the largest male-female jobless rate gap in BLS history (back to 1948).

Related: From today's NY Times, "As Layoffs Surge, Women May Pass Men in Job Force."


At 2/06/2009 2:12 PM, Anonymous Anonymous said...

Classical economic unemployment theory - women are paid less to employ, so they are more in demand by corporations. And Keynesians say Classical doesn't explain unemployment!

At 2/06/2009 2:41 PM, Blogger Bruce Hall said...

The statistics will be good news for men and their lawyers:

At 2/06/2009 4:13 PM, Anonymous Anonymous said...

Actually most jobs have been lost in manufacturing

Industry Job Losses Percent of Industry
Construction 857,000 6.2%
Manufacturing 1,113,000 14.6%
Retail 512,000 3.3%
Total 3,572,000 2.6%

At 2/07/2009 9:33 AM, Anonymous Anonymous said...

I heard on the news that if the unemployment trend for men continues that it may be the first time in history that the number of women in the workforce may outnumber the amount of men in the workforce. I wonder if this is true? A quick internet search said that it was back in the 1940's that this happened.


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