What ‘mancession’?

Female unemployment has been rising, but women are still happier that men overall.

The recession was once labeled a “mancession,” after male-dominated areas — such as manufacturing and finance — bore the brunt of global job losses. But in the United States since the economic recovery officially began in July 2009, the majority of new jobs have gone to men, the country’s Labor Department reveals.

It appears that women are no longer resistant to the pangs of recession. Since the summer of 2009, men in the United States have gained 438,000 jobs, while women have lost some 366,000.

Out of the 984,000 new non-agricultural job positions added from January 2010 to January of this year, a paltry 47,000 new openings went to women, U.S. Labor Department sources say. That works out to be less than 5 percent of new jobs taken by women.

What’s more, there is reason to believe that women are more concerned over money woes than their male counterparts. A report released this past Valentine’s Day by financial services firm PNC Wealth Management found that 49 percent of women, against 30 percent of men, said “we are planning our financial affairs more carefully than we used to.”

Women vs. men

Stockholm-based psychologists Agneta Herlitz and Jenny Rehnman found that women do better in verbal episodic memory tasks, such as remembering objects, words or everyday events.

Terrence Horgan, research fellow at Ohio State University, also discovered that women are more accurate in remembering people’s appearances.


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