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Happy Father's Day; Welcome The "Lipstick Economy" And Major Jobless Rate and Degree Gaps
Source: CARPE DIEM
Jun 22, 2009


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As the top chart above shows, the male-female jobless rate gap of 2.5% is truly unprecedented. During and following the last two recessions of 1990-1991 and 2001, the male unemployment rate was about 1% higher than the female unemployment rate. But there has never been any recession in U.S. history, or any time during even a non-recessionary period, when the male unemployment rate was this much (2.5%) higher than the female jobless rate.

As the bottom chart above shows, 1981 was the last year that men received more college degrees than women, and the female-male "degree gap" has increased in every year since, and is projected by the Department of Education to increase further through 2017 when women will receive 158 colleges degrees (at all levels) for every 100 degrees received by men.

On this Father's Day, we should maybe recognize that we are witnessing what might possibly be a permanent structural change in the labor market and higher education, which will have profound and lasting implications for family roles, career choices, divorce settlements and chil

...Read the full article

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