Singles have a Greater Chance to be Unemployed
- Wednesday, October 07 2009 @ 06:31 pm
- Contributed by: Editor
- Views: 4,199
The Federal Reserve Bank of St. Louis found that from December 2007 till June 2009, employment of married people fell 3.1 percentage points, while people who are single, employment fell 4.8 percentage points. By August of this year the jobless rate for singles was 13.5 percent while married people was at 6.3 percent.
Experts explain that there are several factors that support the difference in the unemployment rate. Single people tend to have less work experience and education than married people. These traits are more valued to employers during a recession. Someone who is also married will more likely take a lower paid job to support their family than someone who is single and thinks the job is beneath them. Single men and women are also able to move back to their parents home more easily to save on rent if things become tight due to lack of employment.
Experts explain that there are several factors that support the difference in the unemployment rate. Single people tend to have less work experience and education than married people. These traits are more valued to employers during a recession. Someone who is also married will more likely take a lower paid job to support their family than someone who is single and thinks the job is beneath them. Single men and women are also able to move back to their parents home more easily to save on rent if things become tight due to lack of employment.
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