Here's a quick, fascinating followup to last week's monthly unemployment numbers...
As we reported, one big reason that the national jobless rate dropped in November to 8.6 percent, from 9 percent was that the labor force shrank by 315,000 people, as discouraged workers stopped looking.
But the New York Times notes
that what's even more surprising is that the number of men in the
workforce actually rose last month, by about 23,000. Meanwhile, the
number of women fell by 339,000 (because of rounding, the numbers don't
add up to 315,000).
What explains the gender gap? It's worth
noting that 58 percent of the women who left the labor force were
employed in October - so for them, it wasn't a case of growing
discouraged after months of fruitless searching for work. Catherine
Rampell of the Times writes: "I would guess that most of them, though,
were laid-off workers who had not yet started looking for a new job.
After all, state and local governments are shedding workers in large
numbers, and most state and local workers are women."
Sounds plausible. And of course, many of those laid-off government
workers, especially in big states like California and New York, are
teachers, who are even more likely to be women. So that probably plays
into it as well.
So far, the downturn has been tougher on men than women. But this
data suggests that as government layoffs become an ever bigger part of
the jobless picture, that could start to change.
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