Mancession

DEFINITION of 'Mancession'

An economic instance in which the unemployment rate is substantially higher among men than it is among women. The term "mancession" was coined during the financial crisis of 2008-2009, during which men bore the brunt of the job losses in the United States, at rates close to 50% higher than those of women.

BREAKING DOWN 'Mancession'

Analysts have tried to understand the mancession phenomenon, and have offered a few possible reasons. First, during the financial crisis of 2008-2009, the majority of jobs that were initially cut were in the male-dominated manufacturing and construction industries, leading to disproportionate levels of joblessness among males.


Also, at the time it was reported that women in the United States accounted for nearly 60% of the college degrees handed out during that period, meaning that a greater number of women were working white-collar jobs, especially in publicly-funded industries such as education and healthcare, which saw far fewer cutbacks than male-dominated industries.

RELATED TERMS
  1. American Society Of Women Accountants ...

    A national organization of female accountants in America that ...
  2. Unemployment Rate

    The percentage of the total labor force that is unemployed but ...
  3. Adjusted Mean

    Statistical averages that have been corrected to compensate for ...
  4. Davos Man/Davos Woman

    Davos man/Davos woman refers to the members of the World Economic ...
  5. Structural Unemployment

    A longer-lasting form of unemployment caused by fundamental shifts ...
  6. Green Shoots

    A term used to describe signs of economic recovery or positive ...
Related Articles
  1. Financial Advisor

    Are Women's Portfolios Better Than Men's?

    A recent study found that women's portfolios tend to perform better than men's. This is likely because women are more averse to risk.
  2. Managing Wealth

    What Accounts for One-Third of the Wage Gap (WMT)

    Women who work full time still make less than men who have the same qualifications. One third of the pay gap may be due to gender bias and discrimination.
  3. Retirement

    Men Losing to Women in the Retirement Race

    It looks like women are (once again) proving smarter than men when it comes to planning for the future.
  4. Financial Advisor

    These Investors Needs More Advisor Attention

    Women live longer than men and their post-retirement finances are in jeopardy. A new report by the National Institute for Retirement Security shows why.
  5. Financial Advisor

    Why Retirement Planning Differs for Women

    Women face unique challenges when it comes to saving for retirement compared to men. Here's why and how to better prepare.
  6. Retirement

    Retirement Costs: Men Vs Women

    Understanding certain differences between the sexes can help couples and singles make better financial plans for retirement.
  7. Retirement

    Why Women Have a Tough Time Saving for Retirement

    Retirement saving is hard but for women, there are unique challenges. Whether its caregiving or pursuit of a low wage job women aren't saving enough.
  8. Investing

    How Do Women Compete In A Man's World?

    Despite women making huge strides in the business world, many workplaces are still perceived as a boy's clubs. How can women compete?
  9. Personal Finance

    What Women Investors Are Doing Right

    Women's risk aversion, penchant for research – and lack of male-style "irrational exuberance" – means their investing strategies often put them ahead.
  10. Markets

    The Impact Of Financial Crisis On Women

    The female population is feeling the effects of global financial crisis harder than the rest.
RELATED FAQS
  1. What are some examples of businesses that use market segmentation?

    Find out what types of businesses use market segmentation and how this strategy helps companies market their products more ... Read Answer >>
  2. What is a growth recession?

    A growth recession is an instance in which an economy grows at such a slow pace that it creates net unemployment, meaning ... Read Answer >>
  3. How did the Great Recession affect structural unemployment?

    Understand the events in America that led to the Great Recession. Learn about structural unemployment and how it was affected ... Read Answer >>
  4. What is the difference between structural unemployment and cyclical unemployment?

    Learn more about unemployment in an economy, what structural and cyclical unemployment are, and the differences between these ... Read Answer >>
  5. How does the U.S. Bureau of Labor Statistics calculate the unemployment rate published ...

    Understand the process used by the U.S. Bureau of Labor Statistics to determine the official unemployment rate for the United ... Read Answer >>
  6. What happens when inflation and unemployment are positively correlated?

    Learn about the historic relationship between inflation and unemployment and the implications that occur when they are positively ... Read Answer >>
Hot Definitions
  1. AAA

    The highest possible rating assigned to the bonds of an issuer by credit rating agencies. An issuer that is rated AAA has ...
  2. GBP

    The abbreviation for the British pound sterling, the official currency of the United Kingdom, the British Overseas Territories ...
  3. Diversification

    A risk management technique that mixes a wide variety of investments within a portfolio. The rationale behind this technique ...
  4. European Union - EU

    A group of European countries that participates in the world economy as one economic unit and operates under one official ...
  5. Sell-Off

    The rapid selling of securities, such as stocks, bonds and commodities. The increase in supply leads to a decline in the ...
  6. Brazil, Russia, India And China - BRIC

    An acronym for the economies of Brazil, Russia, India and China combined. It has been speculated that by 2050 these four ...
Trading Center