The Great Mancession of 2008-2009 Continues As A New Jobless Rate Gender Gap is Set in June
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Submitted by CARPE DIEM
The BLS data released today show that the 2.4% difference between the adult male unemployment rate (10.0%) and adult female unemployment (7.6%) in June is the largest male-female jobless rate gap in the history of BLS data back to 1948 (see chart above of the monthly unemployment rates since 2006).
Further, the 2.4% adult male-female jobless rate gap sets a new record for the largest gap in either direction. There was a 2.3% female-male jobless rate gap in 1967 and again in 1978 when female unemployment rate was higher than the male rate, and a 2.3% male-female jobless rate gap in April and May of this year, but the male-female 2.4% gap in June is the highest on record (BLS data goes back to 1948).
In other words, the current jobless rate gap is historically unprecedented; there has never been a time since at least WWII when there was such an imbalance in unemployment rates by gender. Welcome to the Great Mancession of 2008-2009.
