The Male Recession

From a couple days ago, a fascinating statistic that has given rise to the unfortunate label “man-cession”: 82 percent of the 2.4 million jobs that the United States has lost over the past year have been lost by men. “Stated differently,” writes economist Mark J. Perry,” for every female job lost, there were 4.5 male jobs lost.” In the last recession, between January 2001 and January 2002, only 57 percent of the jobs lost were by men. In the recession before that, between May 1990 and May 1991, 70 percent of the jobs lost were by men. According to Perry, men are concentrated in the two business sectors that suffering the most: manufacturing and construction.