Frankfurt:
Men suffered larger jobs losses across the euro zone throughout the COVID-19 pandemic, a European Central Bank study discovered on Wednesday, confounding some earlier predictions that females would take a larger hit as they are overrepresented in the most impacted sectors.
Men accounted for more than 60% of the jobs losses last year, although in terms of hours worked they suffered more than two-thirds of the general drop, the ECB mentioned in an Economic Bulletin short article.
With females heavily represented in the leisure and hospitality sector, some economists and even ECB officials warned that females have been at threat of losing more, but the study suggests that females discovered new work more quickly then males.
“Employment losses between the fourth quarter of 2019 and the fourth quarter of 2020 were mainly concentrated in the wholesale and retail trade and transportation sectors for men and in the recreation and personal services sectors for women,” the ECB mentioned.
“Conversely, the employment gains in public administration and in education were tilted towards female workers,” the ECB added.
While underemployment has been historically larger for females, the gap narrowed somewhat by the finish of 2020, the ECB added.
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