Mancession Or Myth? 
According to Chartered Institute of Personnel and Development (CIPD) research out today, women have done better than men in the jobs market over the last year despite the public sector cutbacks.

The findings fuel the theory that the 2008-9 recession in the UK was a "mancession", the report says, because men were hit relatively hard when it came to jobs, while the female unemployment rate increased to 7.5 per cent since the end of the recession. The male unemployment rate stands at 9 per cent.

The term ‘mancession’ was coined during the same period in the United States when men bore the brunt of job losses at rates close to 50 per cent higher than those of women.

The report shows that the number of women in work has fallen throughout 2011 but the number of men in work has fallen even more; by the third quarter of this year the number of women in work was still 32,000 higher than at the end of 2010 while the number of men in work was 86,000 lower.

And it would appear that female unemployment has risen because more women have entered the labour market to look for work, partly because of a change in the way benefits are calculated.

John Philpott, chief economist at the CIPD, said: “As the economy weakens, private sector job creation dries up, public sector job cuts gather pace and unemployment continues to rise, it’s far too soon to conclude what will happen to the relative fortunes of men and women in the jobs market in the coming months.

"Indeed our final view of 2011 may yet alter once we have a full year of data. But what we do know is that the relative position of women has not so far worsened as much as commonly perceived or ... anticipated, given the high concentration of women workers in the public sector and in part-time jobs more generally.”

For more information, please contact Glazers, Chartered Accountants London or visit www.glazers.co.uk




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