According to Business Week, the economic slump hits men the hardest. Why’s that? “Men, concentrated in the weakest sectors, are losing jobs in this downturn, while women make gains.” Those sectors are manufacturing and construction.
They eat from the same dishes and sleep in the same beds, but they seem to be operating in two different economies. From last November through this April, American women aged 20 and up gained nearly 300,000 jobs, according to the household survey of the Bureau of Labor Statistics (BLS). At the same time, American men lost nearly 700,000 jobs. You might even say American men are in recession, and American women are not.
The share of all men aged 20 and over with jobs has fallen since last November, when private-sector employment peaked, going from 72.9% to 72.2% in April. For women the ratio rose, from 58.1% to 58.3%. The adult male unemployment rate has risen twice as much as the female jobless rate since November. T
Read the whole article at Business Week
No comments yet.