Men lose ground in labor market
Recent U.S. labor market data shows that women have outnumbered men in the workforce for eight consecutive months. While overall job growth remains positive, men have experienced a significant decline in employment numbers compared to the previous year, partly due to shifts in industry-specific hiring.
Why it matters
This trend highlights a shifting demographic landscape in the U.S. economy that could influence future labor policy and industry-specific recruitment strategies.
Friday's weaker-than-expected jobs report may feel especially lousy for men.
Women outnumbered men in the workforce for eight straight months as of September, according to an analysis of government data by Indeed. That's the longest stretch since 2010, the job search platform found.
"Back then, the gap emerged because men were losing jobs," said Cory Stahle, senior economist at Indeed. "This time, it's because women are gaining them."
Across the board, the Bureau of Labor Statistics said Friday that U.S. payrolls grew by 29,000 jobs on net in September, lower than economists consensus forecast for an increase of 84,000.
Men represented slightly over half of net job growth in September, according to a CNBC analysis of Friday's BLS data. A month prior, men represented just 2% of payroll growth.
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