Economist Betsey Stevenson breaks down the gender gap in recent hiring reports
YOU KNOW THAT THING EVERYONE PREDICTED LIKE WHEN YOU BUY AVOCADOS AND THINK THEY WILL RIPEN PERFECTLY BY TUESDAY AND THEN THEY JUST DO NOT, WELL THE U.S. ECONOMY APPARENTLY ADDED FEWER JOBS THAN EXPECTED LAST MONTH AND UNEMPLOYMENT TICKED UP TO 4.2 PERCENT, WHICH IS WILD BECAUSE NPR'S SCOTT SIMON BROUGHT ON BETSEY STEVENSON WHO IS AN ECONOMIST AT THE UNIVERSITY OF MICHIGAN TO BREAK DOWN A GENDER GAP IN THE RECENT HIRING REPORTS, AND THE THING IS THEY DO NOT EVEN SPELL OUT THE EXACT GAP IN THE SUMMARY SO I CANNOT TELL YOU THE SPECIFIC BREAKDOWN BUT IT HAPPENED, SO NOW WE ARE TALKING LABOR FORCE DYNAMICS AT ONE IN THE MORNING. ANYWAY THAT IS WHY I AM LIKE THIS.
I AM NOT EVEN EXAGGERATING RIGHT NOW BUT NPR'S SCOTT SIMON HAD TO BRING IN BETSEY STEVENSON WHO IS A WHOLE ECONOMIST AT THE UNIVERSITY OF MICHIGAN JUST TO DIG INTO A GENDER GAP IN THE LATEST HIRING REPORTS, AND THE THING IS THIS IS ALL HAPPENING BECAUSE THE ENTIRE U.S. ECONOMY ADDED FEWER JOBS THAN PEOPLE EXPECTED LAST MONTH, WHICH IS WILD BECAUSE UNEMPLOYMENT ACTUALLY TICKED UP TO 4.2 PERCENT, AND THEY DO NOT EVEN SPELL OUT THE EXACT SPLIT OR THE REASON BEHIND IT IN THE BRIEFING, SO NOW WE ARE TALKING HIGH-LEVEL LABOR PARTICIPATION DYNAMICS BY THE BAR LIKE I AM AN ASSET MANAGER MANAGING BILLIONS IN WEALTH INSTEAD OF JUST STANDING HERE DRINKING A HIGHBALL. ANYWAY I AM CHOOSING TO BE NORMAL ABOUT IT.
The U.S. unemployment rate ticked up to 4.2% after fewer jobs were added than expected, prompting economist Betsey Stevenson to analyze a gender gap in hiring.
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