As the job numbers for 2012 keep coming out, economists and pundits are heralding a recovery. Employment is increasing, the unemployment rate is falling, and monthly revisions to those numbers give even greater cause for optimism.
Economist Betsey Stevenson was quick to note about last month’s numbers that job leavers were overtaking layoffs. Even regular people (who don’t watch these numbers like a hawk and compete to be the first to tweet them) are becoming more optimistic. It takes guts to leave a job you don’t like; it’s a lot easier to do if you think there is another one down the line.
But just like the recession hit groups unevenly, so too is the recovery having differential effects. Notably, women aren’t going back to work as quickly as men. The Pew Research Center came out with a report today on minority groups. The whole thing is worth a read, but notably:
Men experienced greater setbacks in the recession, losing twice as many jobs as women from the fourth quarter of 2007 to the fourth quarter of 2009. In the recovery, however, men have gained four times as many jobs as women. The weakness of the recovery for women is underscored by the fact that they represent the only group among those examined in this report for whom employment growth lagged behind population growth from 2009 to 2011.
So, naturally, the question becomes why? Are women slower to return to work because there are fewer jobs available to them? Are they choosing to stay unemployed to remain at home with their families? Are they more picky about what jobs they should take having achieved some modicum of success before the recession?
I think it would be interesting to compare numbers for women in general and numbers for men with only a high school education–the group which is generally cited as having fared worst in the recession.
Update: Casey Mulligan of UChicago goes into the marriage aspect of the recession part of this phenomenon a bit more deeply over on the NYT Economix blog.