Recession Odds
May 14, 2008 by danbuzz
Following up on a previous post, based on futures trading at Intrade.com, the chances of a U.S. recession in 2008 have fallen from over 70% to under 30% in less than a month.
Related note: An article from BusinessWeek points out that men seem to be getting hit harder during the current economic slowdown - not recession - than women. From last November through this April, American women aged 20 and up gained nearly 300,000 jobs, while at the same time, American men lost nearly 700,000 jobs. So, what’s going on?
Simply put, men have the misfortune of being concentrated in the two sectors that are doing the worst: manufacturing and construction. Women are concentrated in sectors that are still growing, such as education and health care.
