Sunday, November 01, 2009
Characteristics of the Unemployed
This data is taken from the Bureau of Labor Statistics.
In every case except Asian Men, the unemployment rate was greater for men. That is, in every sub-group, men experienced a higher rate of unemployment than women. My research tells me that women take jobs that are not subject to cyclical changes. Women take accounting jobs, for example. These jobs are still needed even in a recession. Women choose professional occupations like dentistry that are independent of seasonal demand.
My advice for those wishing to be insulated from changes in consumer demand.