According to new data, there are more women in the workforce now than ever before. In this newsletter we are breaking down a variety of ways this has come about and how we, as employers, can improve the lives of our female employees.
HISTORIC HIGH
"More women are now in the U.S. workforce than at any time in recent history, according to news reports. Women left the workforce at higher rates than men in the early stages of the COVID-19 pandemic, The Wall Street Journal reported, in part as virtual school and less access to child care became the norm and fewer attractive jobs were available. In January, the number of women ages 25 to 54 in the workforce returned to pre-pandemic levels.
A variety of factors are contributing to these rising numbers, including the availability of remote or hybrid work schedules and more women starting their own businesses. According to a World Economic Forum study, women made up 47 percent of U.S. entrepreneurs starting businesses in 2022, compared with 29 percent prior to the pandemic. Additionally, more women are entering manufacturing and more Black women are in the workforce. In fact, despite a fluctuating economy, Black workers are landing jobs at record numbers, SHRM Online reported." Learn more
IS THE "SHE-CESSION" OVER?
"There are currently more women in the U.S. workforce than ever before - reversing a pandemic shift that saw them leaving their jobs in troves. The participation rate soared to 77.5 percent in April, smashing the record set in 2000, according to the Bureau of Labor Statistics. The number of women in the workforce returned to pre-pandemic levels in January after millions lost their jobs or quit to take care of their families when Covid struck. There has been a sharp increase over the last three years in the number of women either employed or seeking employment between the ages of 25 and 54, considered prime working age. " Learn more
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