The “Man-Cession” Worsens: Jobless Rate Gap Of 2% Highest In History

According to today’s BLS report (Table A-1, Household Data), the U.S. economy has lost 5.76 million jobs since Dec. 2007. Further analysis shows that 79% of the job losses (4.551 million) were jobs held by males, compared to female jobs losses of 1,209,000, or 21% of the total (see top chart above). Of the 860,000 March jobs decline (household data), 84% of the job losses were male jobs (724,000), compared to a 136,000 job loss for females (16% of total).

Further, the March unemployment rate for men was 9.5% vs. 7.5% for women, and the 2% gap is the highest male-female jobless rate difference is at an all-time historical high, exceeding the previous record gap of 1.6% in January 2009.

See today’s Chicago Tribune story “Men Take Lead at the Unemployment Line.”

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