Unemployment Update: Women Are Faring Better Than Men

Anna Williams
Posted

unemployment rate womenWhile this week’s job report was pretty flat overall, at least one positive trend seemed to emerge: The unemployment rate for women is decreasing.

As the Wall Street Journal reports, the unemployment rate for women has been falling for the past three months (it’s now at 6.7%)—while that of men has stubbornly stayed at the same, at 7.7% during that same time period.

Sure, it may seem like a mere percentage point, but according to experts, it’s a noteworthy shift. “It’s more than a blip,” Justin Wolfers, a senior fellow at the Brookings Institution told the WSJ. “The divergence over the last couple of months is kind of surprising.”

But hold off the celebrations for now. Some say that the number could actually be a sign of a disconcerting trend: that more women are giving up and leaving the workforce. As it turns out, the rate of women participating in the workforce slumped to 57.1% this September. That percentage has rarely been that low since the late 1980s.

RELATED: 5 Ways to Jump-Start Your Job Hunt

If you’re trying to jump back into a job—no matter your gender—make sure you’re prepped for the job hunt: Read our guide for tips to compose a killer resume, then wow your future employer with proven interviewing techniques.

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