For some reason, one of our articles that gets a lot of links is our expose on the Male-Female unemployment gap back in late 2011.
The reasons for that gap? Well, you surely recall the recent “Great Recession”, which happened to cause a lot of employment damage in the Construction and Finance industries, which were (and are) historically male-dominated. The interesting trend from that article was actually the chart which showed that the last few recessions have also hit male-dominated industries.
So, let’s take a new look at the 20+ male and female unemployment rates through November 2014.
20+ Year Old Male and Female Unemployment Rates Since 1990
Bam: 5.0% for Women of that demographic, and 5.2% for men. (Non-seasonally adjusted, grab them from FRED here.) Let’s call it a parity recovery:
Pretty interesting to see that the last few recessions have gone the same way – with male unemployment first spiking (remember, this is non-seasonally adjusted) before recovering to parity.
Any theories? What industries might see the next recession?