Female unemployment exceeds men's for first time since recession
Source: LA Times
For the first time since the recession began, the unemployment rate for adult women surpassed that for adult men, indicating that while the U.S. might have been a "mancession," it also appears to be experiencing a "mancovery."
The unemployment rate for women 20 years and older rose to 7.3% in December, from 7% the month before. Unemployment for men of the same age remained at 7.2% in December.
The persistently high unemployment rate for women is likely a result of the large cuts in state and local governments that have come over the last year as lawmakers slashed jobs to close budget gaps. The economy lost 13,000 government jobs from November to December, and has lost 68,000 since December 2011.
Women occupy about two-thirds of public sector jobs, according to Joan Entmacher, vice president for Family Economic Security at the National Women’s Law Center. Women make up a large part of local government payrolls because they are a large proportion of the teachers in the country. The nation lost 53,900 local government education jobs in the last year.
Read more: http://www.latimes.com/business/money/la-fi-mo-female-unemployment-recovery-20130104,0,2757165.story
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