With Much-Needed Job Growth in July, Men Have Recovered 94% of Jobs They Lost in Recession
According to an Institute for Women’s Policy Research (IWPR) analysis of the August employment report from the U.S. Bureau of Labor Statistics (BLS), although the total number of jobs lost in the recession has been recovered (139,004,000 jobs in July 2014 vs 138,350,000 jobs in December 2007 when the recession began), men are still short 392,000 from their prerecession peak. In July, men gained 141,000 jobs on nonfarm payrolls, while women gained 68,000 for an increase of 209,000 total jobs in July. BLS revisions of prior payroll jobs data for two previous months increased the number of jobs gained by men in May and June by 70,000, but decreased the number of jobs gained for women by 50,000 during the same period. For May, June, and July, two of three new jobs went to men. The unemployment rate increased to 6.2 percent in July from 6.1 percent in June, essentially the same.