Mancession Update: Record Oct. Male Jobless Rate of 11.4%, Female Rate Still 1.6% Below 1982 High
Submitted by CARPE DIEM
Based on today’s Employment Report from the BLS, the male unemployment hit an historical record high in October of 11.4%, surpassing the previous record of 11.2% in December of 1982 (see chart). The female jobless rate increased to 8.8% in October, but is still 1.6% below the record high of 10.4% established in December of 1982. The male-female jobless rate gap of 2.6% in October (11.4% - 8.8%) is just slightly below the record gap of 2.7% set in August.
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