“Man-Cession” Worsens; Male (10%) - Female (7.6%) Jobless Rate Gap of 2.4% is Highest in History
Submitted by CARPE DIEM
According to today’s BLS report (Table A-1, Household Data), the April unemployment rate for men was 10% vs. 7.6% for women, and the 2.4% male-female jobless rate gap is at an all-time historical high, exceeding the previous record difference of 2% in March 2009. In contrast, just a little more than one year ago in March 2008 the male-female jobless rate gap was only 0.20% (5.2% for males vs. 5% for females), and for most of 2006 and 2007 there was either no gap or a relatively small gap (in some months in 2006 the gap was in favor of men).
For men, the jobless rate jumped from 9.5% in March to 10.0% in April, compared to an increase for women from 7.5% to 7.6% from March to April. Therefore, almost all of the 0.40% overall increase in the April unemployment rate to 8.9% from 8.5% in March was due to an increase in male unemployment.
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