July 7, 2011

Men vs Women and the Great Recession

If you’re frustrated about the harsh impact of the latest US recession on men, read this article to make yourself feel better:
[Men] have been benefiting disproportionately from the modest job growth during the recovery... [W]hile the number of jobs held by men has grown by 768,000 since the recession officially ended in 2009, the number of jobs held by women today is actually lower than it was at the recession’s end: There are 218,000 fewer nonfarm payroll jobs employing women today than there were two years ago.
Or if you subscribe to the women-as-victims narrative try this discussion of the same study with the headline Recovery Is Bypassing Women. But if you want the whole story, you're going to have to read the original source report:
The Great Recession itself was harder on men. During the recession -- from December 2007 to June 2009 -- men lost 5.4 million jobs and women lost 2.1 million. Job growth for men since the end of the recession has fallen well short of a full recovery. From December 2007 to May 2011, employment of men has fallen by 4.6 million. Their unemployment rate has increased from 5.1% to 9.5%. For women, 2.4 million jobs have been lost since December 2007, and their unemployment rate has increased from 4.9% to 8.5%. Thus, over the full arc of the recession and recovery to date, the weakness in the economy has been harder on men.
As usual, the data can be cherry-picked to support any given narrative, but if you want the truth, you need to look at the whole story.