- 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.
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.
Investment dictionary. Academic. 2012.
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mancession — UK US /ˌmænˈseʃən/ noun [U] INFORMAL ECONOMICS ► a situation in which more men s jobs are lost during a time of economic difficulty than women s: »The recession was so hard on male workers, especially in manufacturing and construction, that some… … Financial and business terms
mancession — n. A recession that affects men more than women. Also: man cession. [Blend of man and recession.] Example Citations: What is a mancession, you ask? It s not this. It s a recession that hurts men much more than women, and we are allegedly in the… … New words
mancession — noun Excessively high male unemployment … Wiktionary
Male unemployment — or mancession is the disproportionate unemployment of men as compared with women. This gender gap became wide in the USA in the recession of 2009 when 10.5% of men were unemployed, compared with 8% of women. References ^ Baxter, Sarah (June … Wikipedia
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