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The unemployment penalty illustrates the percentage difference in pay experienced by an individual who is at present employed compared to 1 who is unemployed, all else getting equal. We see that this penalty becomes far more serious the longer the unemployment period continues. Economists refer to this phenomenon as ‘unemployment scarring’, provided the body of evidence that show interruptions to employment have each an instant and sustained unfavorable impact on earnings.
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For evaluation by race, we look only at these with at least a bachelor’s degree. Racial numbers reported are relative to white guys unless otherwise noted. Due to sample size difficulties, we are unable to report data on Native Hawaiian and other Pacific Islanders beyond the director level. Females of each job level make significantly less than men of the comparative job level, but the gap widens as girls progress up the corporate ladder.
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