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From TFA: "A new study on long-term unemployment from the Federal Reserve Bank of St. Louis [1] found that the prospects for women over 50 darkened after the G

by jt2190 11y ago

From TFA: "A new study on long-term unemployment from the Federal Reserve Bank of St. Louis [1] found that the prospects for women over 50 darkened after the Great RecesAge and Gender Differences in Long-Term Unemployment: Before and After the Great Recessionsion. In 2006-7, before the downturn hit, less than a quarter of the unemployed in this group had been out of work for more than six months. By 2012-13, older jobless women accounted for half of the long-term unemployed." From the study itself [1]: "In sum, men and women of all ages experienced a rise in [long-term unemployment (LTU)] after the Great Recession. In this essay, we document the lesser-known fact that LTU affected older women more strongly. This group experienced a remarkable change: from a low pre-recession LTU-to-unemployment ratio of 14 percent to a post-recession rate of 50 percent." [1] "Age and Gender Differences in Long-Term Unemployment: Before and After the Great Recession" https://research.stlouisfed.org/publications/economic-synopses/2015/11/06/age-and-gender-differences-in-long-term-unemployment-before-and-after-the-great-recession/ https://research.stlouisfed.org/publications/economic-synops...

brighteyes 11y ago
But that still doesn't answer the question, because it doesn't state anything about older men. Yes, in 2012-2013 older women accounted for around half of long-term unemployed. Perhaps older men accounted for around half as well, which would show that the problem is primarily one of age? And it doesn't need to be so extreme. For example, if older women are 50%, older men are 40%, and younger people are 10%, then age is still the main factor. It would also make sense to see women slightly higher than men, since at older ages, women start to significantly outnumber men. But, on the other hand, if it's 50% older women, 10% older men, and 40% young people, then the article would be spot on. It seems very odd that the article wouldn't just present those figures, so we could tell. edit: In other responses, the proper data was found, and this is indeed an issue of age, for the most part, so sadly the article is misleading.

by jt2190 11y ago

brighteyes 11y ago

But that still doesn't answer the question, because it doesn't state anything about older men. Yes, in 2012-2013 older women accounted for around half of long-term unemployed. Perhaps older men accounted for around half as well, which would show that the problem is primarily one of age? And it doesn't need to be so extreme. For example, if older women are 50%, older men are 40%, and younger people are 10%, then age is still the main factor. It would also make sense to see women slightly higher than men, since at older ages, women start to significantly outnumber men. But, on the other hand, if it's 50% older women, 10% older men, and 40% young people, then the article would be spot on. It seems very odd that the article wouldn't just present those figures, so we could tell. edit: In other responses, the proper data was found, and this is indeed an issue of age, for the most part, so sadly the article is misleading.