From “Man-Cession” to “He-Covery”..

Silvio Contessi and Li Li of St Louis Fed have this nice short note on the topic.

They say the recent recession was basically a mancession where men lost more jobs thean women. Why? Because they formed higher share of employment in sectors like construction and housing. These latter sectors were affected the most in the crisis. hence men lost more jobs compared to women which were in sectors like education and healthcare.

And likewise recovery is basically a hecovery where recovery led to more men getting employed as the two sectors showed growth. However, recession has led to concerns on state finances which has impacted educaiton. So recovery has not impacted  women employed in education etc. However, faster growth will lead to jobs for women in otehr sectors:

What about the recovery? Interestingly, as with job loss during the recession, the lion’s share of job growth during the recovery has gone to men, but the gap between the employment growth rates for men and woman is shrinking (see the third chart). The recovery initially created more jobs for men than for women as manufacturing and—to a lesser extent—construction, bounced back. More recently, however, job growth for women is approaching that for men, though at a slow pace. One important factor is that post-recession state and local government budgets are limiting job growth in certain public sectors— for example, education—in which women represent the majority of the workforce. As the recovery continues, the slow job growth in the public sector is somewhat compensated by disproportionate job growth in brain-intensive industries that employ a large number of new college graduates, the majority of whom are women.

This was common in previous recessions as well:

Although the impact of the recent recession and recovery on the male labor force has been widely emphasized, recent research suggests that these patterns are by no means unique to the Great Recession: While the magnitude and  duration of the labor adjustments are exceptional relative to other recessions, their patterns are similar to the labor market dynamics for men and women observed in the business cycle over the past 30 years

Interesting stuff…

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