Minnesota, as well as the rest of the nation, is entering the third year since the end of what has become known as the Great Recession. While the Great Recession officially ended in 2009, job growth is still progressing and the economy has still not made up for all of the jobs lost in the weak economy.
Job growth may be different in various geographical areas and industries. There has also been varying job growth among the genders. Specifically, men have seen faster job growth than women in the past three years. As of June 2012, women have regained about 38.7 percent of the jobs they lost during the recession while men have regained about 45.2 percent of the jobs that they lost during the recession. The biggest year of job growth recovery came this past year when women gained 500,000 more jobs than they did last year. Men, however, gained approximately 19,000 fewer jobs last year than they did the year before.
According to the Institute for Women’s Policy Research, both men and women have gained jobs in the professional and business services sector. Women have also gained jobs in the education and health services industries while men have gained jobs in the trade, transportation and utilities industries. While layoffs in other industries, such as government, have affected both genders, it is estimated than women have suffered about 64 percent of government layoffs in recent years.
Our Minneapolis bankruptcy lawyers wish men and women who are looking for jobs and easy time finding work.