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May 13, 2008

The Slump: It's a Guy Thing

Business Week: The Slump: It's a Guy Thing

Men, concentrated in the weakest sectors, are losing jobs in this downturn, while women make gains.

What's going on? Simply put, men have the misfortune of being concentrated in the two sectors that are doing the worst: manufacturing and construction. Women are concentrated in sectors that are still growing, such as education and health care.

This situation is hardly good news for women, though. While they're getting more jobs, their pay is stagnant. Also, most share households—and bills—with the men who are losing jobs. And the "female" economy can't stay strong for long if the "male" economy weakens too much. ...

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