Mancession: Men More Affected By Recession Than Women?
Men are more likely to be affected by the global recession than women reads a recent article in the Business channel of the Atlantic titled: It's Not Just a Recession. It's a Mancession.
The article outlines statistical data showing men are having a tougher time with the recession than women are.
Eighty percent of job losses in the last two years were among men, said AEI scholar Christina Hoff Summers, and it could get worse.
The reason for the difference is that most of the jobs lost over the last two years have been in manufacturing and construction, which are industries mostly populated by men.
Nine out of ten construction workers are male, and seven out of ten manufacturing workers are men. Those sectors alone have lost more than 2.5 million jobs.
The article reports that the industries with the least turnover in the last two years are health, education and government, which employ mostly women.
Three of the top six occupations for women are in the only sectors that have been growing over the last decade.
But its not all bad news. As governments head into a recession they will need to spend their way out to increase demand and fight off unemployment. They usually spend money on infrastructure projects they've been putting off. So construction jobs (cyclical by nautre anyway) will probably see an increase as new government funded infrastructure projects begin. Manufacturing jobs may bounce back also as new players in the North American Market (like FIat) start to set up shop.
In the mean time guys, we better find some nurses, teachers or paper pushers to help us through our rough mancession.
The Great Mancession, as silly as it sounds, could be deeper, and more longlasting, than the Great Recession.