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News Releases: 2009

OCTOBER 28

*Media Advisory* It’s More than a Man-cession: The Real Demographics of Recession

WHAT:  New St. Louis Fed research debunks the popular notion that the current recession is predominantly a “man-cession”—a recession hurting American males proportionately more than women and other demographic groups. The truth is far more interesting than that. Presenting his findings is St. Louis Fed vice president and economist Howard Wall.
     
WHEN:  Wednesday, Nov. 4, 6:30 p.m. to 8:30 p.m. CDT
Reception from 5:30 p.m. to 6:30 p.m.

WHERE:  Federal Reserve Bank of St. Louis
One Federal Reserve Bank Plaza
(Broadway and Locust St.)
St. Louis, Mo.

WHY:  The burdens of a recession are not spread evenly across demographic groups. To have a more complete understanding about what recessions mean for people, you have to examine the different effects of this and previous recessions on employment experiences across a range of demographic categories: sex, marital status, race, age and education level. A better understanding of the total effects of recessions will help us manage the effects of the current recession and be better prepared for future ones.

After the presentation, a panel of local experts will discuss the report's real-world implications. The panel will be moderated by John Zogby, president and CEO of Zogby International. Panelists include:

• Brenda Newberry, chairman and CEO, the Newberry Group
  
• Blair Forlaw, vice president for regional talent development, Regional Chamber and Growth Association (RCGA)
  
• Robert Stein, commissioner, Missouri Department of Higher Education

Media must register in advance with Adriene Dempsey 314-444-7471 or adriene.l.dempsey@stls.frb.org.