Big winners right now in the job market: older white women
The unemployment rate for adult white women fell to 6.8 percent in January. Other statistics indicate that women over age 55 are faring well in the job market.
As the job market stabilizes, who is being hired back first?
The answer: older white women.
In January, more women over age 55, who probably have some college education, said they got jobs than any other group.
Yes, think about an army of possible first-time grandmothers getting paychecks.
The unemployment rate for adult white women fell to 6.8 percent in January, down 0.6 percentage points from December, according to a report Friday from the Labor Department.
A decline in the unemployment rate for all women, regardless of race, was a key reason that the unemployment rate fell to 9.7 percent in January.
“Just as men have been disproportionately hit by the downturn, there has been a disproportionate improvement for women, especially white women,” says Dean Baker, co-director of the Center for Economic and Policy Research in Washington.
Unemployment for white women has been falling since the fall of 2009, when it was 7.4 percent. Currently, unemployment among all women is at 8.4 percent.
By way of comparison, white adult males had an unemployment rate of 9.1 percent last month, down from a peak of 9.9 percent last fall. Industries that tend to hire white men, such as construction and manufacturing, have been suffering.
According to the Labor Department, out of the 541,000 people who said they found work last month, 178,000 were over age 55. Of that group, 140,000 were women – 26 percent of all the hires that month.
Part of the reason appears to be related to who is hiring. Jobs have opened up in temporary and retail positions. For some time, there have been job openings in healthcare, education, and government.