05-08-2025
The Jobs Market Is Showing Signs of a ‘He-cession'
Despite all the drama about the weakening jobs numbers, the US labor market is actually doing OK. There is one major exception, however: if you happen to be a young man.
While the overall unemployment rate was still a respectable 4.2% in July, for young men aged 20 to 24, it was 8.3%, which is near recession levels — and for recent college graduates, the annual rate is 5.3%. Both of these numbers are about double the comparable figures for young women. During the pandemic, the economy was so bad for working women that it inspired the term ' she-cession.' Could the US now be headed for a 'he-cession'?
