Jan 10, 2020

Axios PM

By Mike Allen
Mike Allen

Good afternoon: Today's PM — edited by Justin Green — is 499 words, a 2 minute read.

🚨House Democrats are sending over the impeachment articles next week, and White House counsel Pat Cipollone will take the lead in the Trump defense. Go deeper.

1 big thing: New milestone for U.S. women workers
Expand chart
Data: Bureau of Labor Statistics; Note: Men count was derived by subtracting women count from total; Chart: Andrew Witherspoon/Axios

There are more women on American payrolls than men, which tells a revealing story about the U.S. economy, Axios' Courtenay Brown reports.

Why it matters: It reflects a hiring boom in industries that are female-dominated, while sectors that are more likely to employ men are lagging in job gains.

  • The last time the women overtook men in payrolls was “during a stretch between June 2009 and April 2010,” according to the Wall Street Journal.

What they're saying:

  • The reason for the milestone “comes down to what industries are expanding and which ones are contracting,” Megan Greene, a senior fellow at Harvard Kennedy School, tells Axios. 
  • “The sectors that are growing, like education and health care, are predominantly women’s employment,” Ariane Hegewisch told the WSJ. “Looking at the 21st century, it is really amazing how profound some of the [sex] segregation is in the labor market.”

Between the lines: A separate employment survey by the Labor Department shows a persisting gap between men and women.

  • “Men are more likely to hold jobs not counted on pay­rolls, in­clud­ing the self-em­ployed and farm la­bor­ers,” as the Journal notes. 
  • “And women are more likely to hold multiple jobs.” A sin­gle per­son can be counted twice if they hold multiple jobs in the dataset shown above.

The bottom line: The unemployment rate is at a half-century low, forcing employers to be less picky.

2. Footage of downed Ukrainian airliner
GIF: Images via AP

Videos verified by the AP show the final seconds of the Ukrainian jet that crashed with 176 aboard.

  • There's a flash of light as the plane takes a hit, then crashes.
2. What you missed
  1. Upstart mattress maker Casper filed for an IPO, reporting a $67 million net loss on $312 million in revenue for the first nine months of 2019. Go deeper.
  2. Thousands of Australian protesters are calling on Prime Minister Scott Morrison to resign for what they call inaction on climate change and an inadequate response to the bush fire crisis. Go deeper.
  3. MIT's Epstein report: The school found no evidence that funds donated to MIT by Apollo Global Management CEO and Chairman Leon Black or Bill Gates were actually Epstein’s money or that the men acted to launder Epstein’s money. Go deeper.
  4. Nearly 1 million people died from alcohol-related causes between 1999 and 2017, and alcohol played a role in 2.6% of all U.S. deaths in 2017. Go deeper.
3. 1 fun thing

Photo: Steven Senne/AP

The XFL is coming, and with it new gambling — if regulators sign on.

  • States that have already approved betting on the XFL include Pennsylvania, Rhode Island and Iowa, the AP reports.
  • Nevada says its sports books already are authorized to take XFL bets under existing regulations.

Between the lines: Delaware is a no, "because some of the rules are kind of crazy,” said Vernon Kirk, director of the Delaware Lottery.

  • Kirk said the state’s risk managers decided XFL play will be too unpredictable, but left open the possibility of reversing that stance as the season progresses.
Mike Allen