May 28, 2008

Is Recession "a guy thing"?

It's not a secret that a recession is looming, gas prices are teetering on $4 a gallon, food prices are soaring, foreclosure news is everywhere and the economy is shedding jobs. But, is it bad for everyone.

According to the Bureau of Labor Statistics, between November 2007 and April 2008 American men lost 700,000 jobs. Women over the age of 20, though, gained nearly 300,000 jobs in the same period.

Sounds like great news for young American women, right? Women are working in sectors of the economy still growing like health care and education, but their rate of pay is stagnant. Because women already make less than their male counterparts, job growth in low-wage jobs is not necessarily great news. As more and more jobs disappear in the construction and manufacturing industries -- jobs traditionally held by men -- families are dependent upon women's incomes.

Women are working for change, though. The number of women in labor unions has increased more than any other group. As the number of women employed grows, so too must the number of women in labor unions, in order to battle the low-wage and pay stagnancy issues.

Read the rest of the story about American jobs here.

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