Job Loss for Men and Women

by NeW Staff on April 21, 2009 · 0 comments

According to an article in The Financial Times, men have lost more jobs in this economy than women.  Did you know that the male unemployment rate is 8.8%, while the female unemployment rate is 7%?

Here is a summary of the findings,

"The US recession has opened up the biggest gap between male and female unemployment rates since records began in 1948, as men bear the brunt of the economy’s contraction.

Men have lost almost 80 per cent of the 5.1m jobs that have gone in the US since the recession started, pushing the male unemployment rate to 8.8 per cent. The female jobless rate has hit 7 per cent.

This is a dramatic reversal of the trend over the past few years, where the rates of male and female unemployment barely differed, at about 5 per cent. It also means that women could soon overtake men as the majority of the US labour force."

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