Aruba, July 19, 2012 - The man-cession is now in He-covery mode.
After losing jobs at a far greater rate than women during the economic downturn, men are now outpacing women in getting hired, according to a survey from outplacement firm Challenger, Gray & Christmas.
“Men took it on the chin during the recession, but in the aftermath they are in the catbird seat,” said Challenger Gray CEO John Challenger.
From November 2007 to June 2009, 4.8 million men lost their jobs as massive layoffs hit traditionally male dominated fields like construction, manufacturing and financial services.
But layoÿs among women during that same period were just 1.8 million. Now the tables have turned: of the net 2.4 million jobs created since June 2009, 75% went to men.
One reason men are doing better: manufacturing and construction are coming back. At the same time, men are casting a wider net in their job search. The jobless rate for men is now 8.4%, slightly higher than the rate for women, which is at 8%. A year ago, men had a jobless rate of 9.7% vs. 8.5% for women.
Read more/source: http://www.nydailynews.com/news/money/men-outpacing-women-hired-new-survey-article-1.1116663#ixzz214XvlTSd