Men Hit With 80% of US Layoffs

Of the 5.1 million US jobs that have evaporated since the recession began, men have lost nearly 80% of them, the Financial Times reports, resulting in the widest gap between unemployment rates for men and women since recordkeeping began a half-century ago. Layoffs have nudged the male unemployment rate to 8.8% while the female rate sits at 7%, as females tend to hold more cyclically stable jobs.

Men have taken the brunt of the blow because they dominate industries hit hardest by the downturn; 90% of construction workers and 70% of manufacturing workers are male, and those sectors have shed nearly 2.5 million jobs. Women dominate in health care and education, the most stable sectors. The unemployment gap usually remains narrow, with both rates hovering around 5%. The new trend means women soon could overtake men as the majority of the US labor force, the FT notes.
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