Spike in jobless rate for women is worst in more than 33 years

[ProSense]

Posted on Sunday, September 14, 2008

Spike in jobless rate for women is worst in more than 33 years

By Tony Pugh | McClatchy Newspapers

WASHINGTON — A sharp monthly rise in unemployment for women could be a sign that the economic slowdown has begun to hit working women with a force not seen in decades.

When the unemployment rate for women went from 4.6 percent in July to 5.3 percent in August, it was the largest one-month spike in the jobless rate for women in more than 33 years.

Black women were hit even harder, as their unemployment rate jumped 21 percent, from 7.5 percent in July to 9.1 percent in August.

Among single mothers and women with families, unemployment climbed to 9.6 percent in August — the highest level in 15 years.

By themselves, the figures provide only a one-month snapshot of labor-market activity and may be merely an aberration in the business cycle. But the increases are a reminder of the 2001 recession, which was the first in decades to see men and women lose jobs on an almost equal basis.

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McCain tries to spin his idiotic assessment of the economy

[Project Grudge]

1. Bush/McCain destroy equal work/pay in one swoop.

Great we can't even have equal work for equal pay if there aren't any jobs. Bush/McCain economics at their best. The job environment is TERRIBLE right now, as I am learning from first-hand experience.

[Project Grudge]

2. Bush/McCain destroy equal work/pay in one swoop.

Great we can't even have equal work for equal pay if there aren't any jobs. Bush/McCain economics at their best. The job environment is TERRIBLE right now, as I am learning from first-hand experience.