Unemployment rate for men and women
Unemployment rate for men and women Jess Jiang/NPR
As we (and others) have pointed out, the recession was harder on men than on women, at least in terms of the unemployment rate. In a note today, a pair of Bank of America economists lay out the case for why women are likely to fare better in the recovery, as well.
Their key points:
"For every two men that graduate from college, three women do. ..."
"As a result, the ongoing shift away from a manufacturing-based economy to a knowledge-based one should overwhelmingly help women. They make up the majority of the workforce in nine of the 10 occupations the Bureau of Labor Statistics predicts will add the most jobs over the next eight years."
"While a gender wage gap remains, it is closing: over the last five years, the real median income for women has risen roughly 1% at an annualized rate. For men, it has contracted 1.5% at an annual rate."