Since men are more likely to work in sectors like manufacturing and construction, their jobs are more sensitive to economic downturns. But this downturn has been particularly brutal on those industries, leading some observers to call it a "mancession."
Now one in five working-age American men does not have a job. Only 80.3 percent of men age 25-54 held jobs in December -- the lowest since the Bureau of Labor Statistics started collecting that data in 1948. When the recession began in December 2007, less than 13 percent of men in this age bracket were out of work.
The numbers are derived from what the BLS calls its employment-to-population ratio. While the non-working number in this case includes men who have voluntarily chosen to stay out of the workforce, such as students and stay-at-home dads, in many ways it provides a clearer picture of the depth of the nation's unemployment situation.
The percentage of women age 25-54 who have work is also down, but not as dramatically. Some 69.1 percent of those women are employed, about the same as in 1998. Women dominate the fields such as education, health services and government. The health industry and government payrolls are booming, and are expected to continue growing, thanks to an aging population and recently-enacted stimulus programs to boost the economy, respectively.
Overall, the percentage of Americans over age 16 that holds a job continues to slide, reaching 58.2 percent. That's a 25-year-low.
source: http://www.huffingtonpost.com/2010/01/08/1-in-5-working-age-americ_n_415984.html
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Now one in five working-age American men does not have a job. Only 80.3 percent of men age 25-54 held jobs in December -- the lowest since the Bureau of Labor Statistics started collecting that data in 1948. When the recession began in December 2007, less than 13 percent of men in this age bracket were out of work.
The numbers are derived from what the BLS calls its employment-to-population ratio. While the non-working number in this case includes men who have voluntarily chosen to stay out of the workforce, such as students and stay-at-home dads, in many ways it provides a clearer picture of the depth of the nation's unemployment situation.
The percentage of women age 25-54 who have work is also down, but not as dramatically. Some 69.1 percent of those women are employed, about the same as in 1998. Women dominate the fields such as education, health services and government. The health industry and government payrolls are booming, and are expected to continue growing, thanks to an aging population and recently-enacted stimulus programs to boost the economy, respectively.
Overall, the percentage of Americans over age 16 that holds a job continues to slide, reaching 58.2 percent. That's a 25-year-low.
source: http://www.huffingtonpost.com/2010/01/08/1-in-5-working-age-americ_n_415984.html
Subscribe to the Rightardia feed: feeds.feedburner.com/blogspot/IGiu
Netcraft rank: 4217 http://toolbar.netcraft.com/site_report?url=http://rightardia.blogspot.com
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