I came acorss this report on our current economic situation and found some suprising news for men.....
Although the recession is hitting Canadians hard across the country, a new CCPA report reveals that men are taking the biggest hit when it comes to loss of employment.
Canada's "He-cession": Men bearing the brunt of rising unemployment, by Income Inequality Project director Trish Hennessy and Senior Economist Armine Yalnizyan, shows that 71% of those who have lost their jobs in the recession so far are men.
The report notes that this recession differs from those of the 1980s and 90s, which ushered in the 'freedom 55' era of golden handshakes for older workers. By contrast there were actually 78,000 more workers aged 55 and over in June than there were at the beginning of the recession, a 3% increase since October.
"Most of the workers deprived of their jobs in this recession (63%) are between the ages of 25 and 55," Yalnizyan says. "Workers under 25, who make up 15% of the labour market, account for more than one third (37%) of job reductions since October."
The report also notes that Ontario accounts for two-thirds (66.4%) of all jobs eliminated to date in this recession, driving the province's unemployment rate to its highest in 15 years.
"The recession is affecting Canadians from all walks of life and all parts of the country, but it could easily be portrayed as an Ontario-cession, an age-cession, and, above all, a he-cession," says Yalnizyan.
To read more of this report, visit policyalternatives.ca
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