Friday, January 8, 2010

Men / Women Employment Results Diverge

The employment release showed a MASSIVE divergence between the male and female workforce. The number of unemployed males dropped significantly (ALL caused by a dropping out of the workforce), while female unemployment rates spiked (they reentered the workforce).

My guess?

Males make up the bulk of the manufacturing sector, which continues to struggle, while females came back to the workforce for the holiday season, yet were unable to find jobs.

Looks like I was close.... Barry points out:
Job gains are nurses and teachers -- losses are construction and factory. Probably skews that way in each sectors demographics
Source: BLS