Such is the word from University of Michigan Professor Mark J. Perry’s post from today’s debacle of a jobs report.
Men, women and unemployment
In the last 12 months, more than 8 of every 10 pink slips have gone to men, he writes.
According to Perry’s blog, Carpe Diem, the lousy economy has idled 1.9 million men, more than four times the number of women let go, 430,000.
The firings have been so gender-lopsided that the male unemployment rate is more than a percentage point higher than that of women.
Previously, women were slightly less likely to have a job.
Perry found suggestions of a cause from a May issue of BusinessWeek. It blamed male dominance in construction work and factory floors, two sectors hardest hit by the credit crunch.
Wall Street also is heavily male and square in the sites of the job-destroying credit crunch.
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