The “Man-Cession” Denials
Submitted by CARPE DIEM
In the last week, there have been a number of news reports that could be classified as “man-cession denials.” Here are some examples:
St. Louis — A new St. Louis Fed research report released today debunks the popular notion that the current recession is predominantly a “man-cession”—a recession hurting American males proportionately more than women and other demographic groups.
Reuters — The novelty of the man-cession has been overstated. Delve deeper, and men have not been doing so badly by historic standards. CNBC– Recessions are almost always man-cessions.
Reuters — The novelty of the man-cession has been overstated. Delve deeper, and men have not been doing so badly by historic standards. CNBC– Recessions are almost always man-cessions.
The data, certainly at least the male and female unemployment rates, suggest otherwise—the current “man-cession” is a very real and historically unprecedented labor market phenomenon, see the charts above and see the full analysis here at The Enterprise Blog.
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