In a recent article posted in the Los Angeles Times http://www.latimes.com/business/la-fi-layoffs3-2009apr03,0,5409534.story there has been a significant difference in the lay off rates amongst men and women. During past recessions, lay off rates generally remained at an even keel amongst the two genders however, during the current economic downturn it is the male gender that seems to be receiving more of an impact from layoffs. 

 

There are certain circumstances that need to be taken into consideration when evaluating this situation. In the Los Angeles Times article, economist Mark Perry states, “This recession started with a crash in the housing market, and construction is about as male-dominated as it gets: 88%. Manufacturing also took a dive: It’s 70% male.” The article also went on to note that, “The only major sectors holding their own are education and healthcare, which run 77% female.”

 

The Bureau of Labor Statistics shows that unemployment has increased to 8.8% for males and 7.3% for females. Though this may not seem like a significant difference in percentage rates it is a historic gap that will continue to expand and grow until the recession reaches a turning point.