Friday, December 7, 2012
There's a new jobs report out this morning from the BLS which seems like an opportune moment to track the gender-specific employment/population ratios that I like to keep an eye on. In each case, these are the ratios for persons ages 25-54 (ie working age) so that the effects of demographics and retirement should be fairly minimal. The men's ratio from 2000 on is above, and you can see that the gradual recovery following the 2008/2009 great recession has largely stalled out in 2012, even though we are still very far from recovering the ground lost in the recession.
This is part of a larger pattern since the 1970s, as this longer-term graph shows:
It used to be arguable that this trend in the men was being partially driven by the rise of female employment: women either taking the jobs of men, or supporting non-working partners by working themselves, or both. However, the female employment/population ratio peaked in about 1998 and now seems to have begun declining also:
Focussing in just on the years since 2012: