Economists warn that the longer women and men are out of a job, the harder it is for them to return to the labor force as the economy recovers. The permanent loss of earnings —
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“This report estimates that if conditions for families do not improve—and if the levels of maternal labor force participation and work hours experienced during the April 2020 first-wave peak of infections and COVID-19 lockdowns persist
Between August and September, nearly 1.1 million workers ages 20 and over dropped out of the labor force, meaning they are no longer working or looking for work. Of those workers, 865,000 of them were
We need to acknowledge that there has been a reality of a leaky pipeline of female leaders. The current COVID situation threatens to increase this “leakage” unless we think differently about our workplace practices and
“One thing’s clear: Single mothers will be the worst affected when the country reopens with fewer childcare providers and schools still closed.”
When women leave work – regardless, the reason or length of the absence – not only do they lose income, but they forfeit seniority, forgo promotions and miss making retirement fund contributions. Companies suffer too.
1 in 4 women are considering downshifting their careers or leaving the workforce due to the coronavirus
“We have to recognize that what was possible when your kids were going to school outside the home is not possible when your kids are in school in the home,” she says. “We think companies
“In addition, 26% of men with children at home said they received a pay raise while working remotely, compared to 13% of women with children at home.”
The most recent Bureau of Labor Statistics (BLS) monthly jobs report shows job gains continued to slow in September, with the economy adding back only 661,000 jobs, compared to nearly 1.5 million added back in
“If women continue to lose workforce gains in this economic downturn, that could have massive repercussions on the gains women have made in the workforce in recent years, by exacerbating pay and promotion gaps.”
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