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Is the recession harder on women?


In 2009, more men are putting an emphasis on stability and security in their job and are looking for a girlfriend as a potential wife, according to the annual Great Male Survey by

But how are women fairing in comparison?

Yahoo! Shine asked 19,000 women in the Great Female Survey and found that more women see their career on hold. Fifty-six percent stated that any upward movement in their career is cut off because of the economic crisis while only 24 percent of men saw the same problem.

Asked how their unemployment status had changed recently, 28 percent of women said they had to take a pay cut, pay freeze or lost their job altogether – 10 percent more than their male counterparts.

Looking ahead, women were split on wether the worst of the crisis was behind them, whereas every second man thought it would get better from here on out.

Reaction to shocking jobless data


November’s job losses were the steepest since December 1974, when 602,000 jobs were shed. Analysts polled by Reuters had predicted a reduction of 340,000 jobs.

“This is a clear employment blowout. Firms are reacting as dramatically as they can to make sure they have cost structures they can survive the recession we are in,” said Joel Naroff, president of Naroff Economic Advisors.

Who’s walking the line?


AT&T is joining the ranks of companies sending its employees to the unemployment line. The top U.S. phone company says it will cut 12,000 jobs as the economic crisis bites deeper. Chemical maker Dupont added its own dash of dour news, announcing 2,500 job cuts. While there was some cause for cheer from weekly jobless data that showed the number of workers filing new claims for benefits unexpectedly fell last week, the figure was still in line with a shrinking labor market and economy. So, really, no good news there.

“We are going to see more layoffs as the economy continues to weaken,” said Barclays capital economist Michelle Meyer.