The following graph reveals a striking finding, observed by Matthew Yglesias. The “labor market for men never recovers from recessions. Each trough is followed by a new peak, but the new peak is lower than the previous peak.” (The gray vertical bars in the graph represent official recessions as defined by the National Bureau of Economic Research.)
On the other hand, the labor market for women exhibits an increasing trend up to 2002 followed by a leveling off until a substantive decline as a result of the Great Recession.
What’s the matter with men?
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