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The Unemployment Gender Gap During the 2007 RecessionAysegul SahinFederal Reserve Bank of New York Joseph SongFederal Reserve Banks - Federal Reserve Bank of New York Bart HobijnFederal Reserve Bank of New York - Domestic Research Function; Leonard N. Stern School of Business - Department of Economics February 1, 2010 Current Issues in Economics and Finance, Vol. 16, No. 2, February 2010 Abstract: Women fared decidedly better than men during the most recent recession. By August 2009, the unemployment rate for men had hit 11.0 percent, while that for women held at 8.3 percent. This 2.7 percentage point unemployment gender gap - the largest in the postwar era - appears to reflect two factors: First, men were much more heavily represented in the industries that suffered the most during the downturn. Second, there was a much sharper increase in the percentage of men who - prompted, perhaps, by a decline in household liquidity - rejoined the labor force but failed to find a job.
Number of Pages in PDF File: 7 Keywords: Labor Market, Gender Differences JEL Classification: E24, J22 working papers seriesDate posted: March 31, 2010Suggested CitationContact Information
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