A plaque remaining from the Big Apple Night Club at West 135th Street and Seventh Avenue in Harlem.

Above, a 1934 plaque from the Big Apple Night Club at West 135th Street and Seventh Avenue in Harlem. Discarded as trash in 2006. Now a Popeyes fast food restaurant on Google Maps.

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Entry from October 22, 2010
Mancession (man + recession)

A “macession” (man + recession) or a “hecession” (he + recession) is a business recession that affects more men than women. Economist Mark J. Perry, who runs a blog called Carpe Diem, wrote about “The 2008 Male Recession? The Gender Jobs Gap” (December 5, 2008) and “The ‘Man-Cession’ Worsens, Record M-F Gap” (February 6, 2009). There is a “mancession” citation on another economics blog from February 1, 2009.

“Mancession” made the New York (NY) Times‘s “Buzzwords of 2009, defined as “A recession that affects men more than women. Also hecession.” In October 21, 2010, Perry blogged that “The Great Mancession Continues.”

Carpe Diem
Friday, December 05, 2008
The 2008 Male Recession? The Gender Jobs Gap

The Progressive Economics Forum
Gender analysis of Budget 2009
Posted by Marc Lee under federal budget, stimulus, women.
January 31st, 2009
Comment from Nick Rowe
Time: February 1, 2009, 8:17 am
On the other hand, the December 2008 unemployment rates for men 25+ was 5.8% vs. 5.0% for women 25+.

Men’s (25+) employment rate dropped 0.2% month over month, and dropped 0.8% year over year.

Women’s (25+) employment rate rose 0.1% month over month and rose 0.1% year over year.

I suspect this will be another “mancession”, if Canada follows the US lead.

Carpe Diem
Friday, February 06, 2009
The “Man-Cession” Worsens, Record M-F Gap
According to today’s BLS labor report, the gap between the male jobless rate (8.3%) and female jobless rate (6.7%) widened to 1.6%, which is the largest male-female jobless rate gap in BLS history (back to 1948).

NYTimes.com - Economix
February 6, 2009, 1:46 pm
Gender and Job Losses
For decades women have been debating whether they can do it all: have a career and raise a family. The current recession isn’t giving them much of a choice.

As I described in an article appearing in today’s paper, the vast majority of job losses have befallen men, leaving more women to be their families’ sole breadwinners. Indeed, as Casey B. Mulligan first explained a few weeks ago, one of the bittersweet results of this downturn is that it could catapult women to a majority share of the work force for the first time in American history. (Mark J. Perry, an economist who blogs at Carpe Diem, has also done a good job covering what he calls the “man-cession.”)

The Atlantic
It’s Not Just a Recession. It’s a Mancession!
Jul 9 2009, 4:30 PM ET
What is a mancession, you ask? It’s not this. It’s a recession that hurts men much more than women, and we are allegedly in the worst mancession in recent history. Eighty percent of job losses in the last two years were among men, said AEI scholar Christina Hoff Summers, and it could get worse.

Here some graphs provided by Mark Perry, an economist from the University of Michigan who coined the term mancession that, with any luck, is not long for our world. Unfortunately this trend doesn’t look to be reversing itself any time soon.

Atlanta (GA) Business Chronicle
Downturn hurting white men most in Ga.
Date: Tuesday, July 21, 2009, 10:28am EDT.
Georgia’s working white men have suffered more than any other group during the “Great Recession,” becoming the largest demographic group receiving state unemployment benefits, according to a Georgia Department of Labor study published Tuesday.

In a study called “Georgia Men Hit Hardest by Recession, December 2007-May 2009,” State Labor Commissioner Michael Thurmond is calling the present recession a “he-cession” or “man-cession.”

NYTimes.com - Economix
August 10, 2009, 2:54 pm
The Mancession
We’ve pointed out before that that recession has disproportionately hurt men, who are more likely to work in cyclically sensitive industries like manufacturing and construction. Women, on the other hand, are overrepresented in more downturn-resistant sectors like education and health care.

Casey B. Mulligan noted, for example, that for the first time in American history women are coming close to representing the majority of the national work force. It would of course be a bittersweet milestone, given that it comes primarily as a result of men’s layoffs.

New York (NY) Times
The Buzzwords of 2009
Published: December 19, 2009
A recession that affects men more than women. Also hecession.

Carpe Diem
Thursday, October 21, 2010
The Great Mancession Continues Yet Obama Pushes for Economic Security, Jobs for America’s Women

Business Insider
CHART OF THE DAY: The Mancession Continues
Gregory White | Oct. 21, 2010, 3:20 PM
Men are getting crushed in this unemployment crisis way more than women according to a report from the American Enterprise Institute, written by Mark J. Perry.

What Perry finds is that, not only is the unemployment rate higher for men than women in the aftermath of the recession, but men have lost 219 jobs for every 100 lost by women since late 2007.

As of last month, 10.5% of men were unemployed while 8.6% of women were jobless. We’re actually in a Mancession, according to Perry.  This might be partially due to the disproportionate loss in construction jobs since 2007.

Posted by Barry Popik
New York CityBanking/Finance/Insurance • (0) Comments • Friday, October 22, 2010 • Permalink