More than 200,000 women joined the labor force in March 2022
[ad_1]
According to the Bureau of Statistics, 431,000 U.S. jobs were created last month in spite of high inflation and concerns about a recession. latest jobs report.
The March report also reported that it was the second consecutive month of substantial job growth for women. Women gained approximately 63% in new positions. National Women’s Law Center.
According to the NWLC, it will take around four months for women’s jobs to rebound from the Covid-19 epidemic.
Yet, the economic recovery of women continues to be a success story for women. Last month, 249,000 women joined the workforce, which brings the number missing from the labour force from 1.1 million down to 872,000.
Jasmine Tucker (director of research, NWLC) says that March was “a strong month for women returning to the workforce.” CNBC Make It. We are moving in the right direction even though women still have some way to go after the pandemic.
According to NWLC analysis, women gained employment in major industries, such as leisure, hospitality, government, education, and health care.
These industries are thriving a drop in Covid casesTucker points out that these sectors are now more attractive to women because of the removal of U.S. restrictions.
She adds that fewer Covid cases means fewer child-care and school closures which allows mothers to “get back on track.” Women tend to take on child-care responsibilities. If pandemic conditions are better, women don’t have to quit their job or go to work to care for the children.
Last month saw unemployment drop for many groups: Latinas (3.8% to 4.2%), Asian women (2.7%-2.6%) Black women (6.1%-5.5%%) and white women (3.1%-2.8%). Lower than the 3.6% rate recorded for everyone. economists’ expectations3.7%
In March of this year, around 20,0000 men quit the workforce, due to departures by Black men and Latinos.
Tucker said that companies urging mothers to work in the coming weeks could cause tension, particularly since most states have a return policy. still lackAffordable child care
According to a study, women spend an inordinate amount of their time caring for children and housework. Pew Research CenterIt is more common for women to make career adjustments in order to support their family.
“Even though women are able to access child care, do they have the financial means to pay it? Tucker says. Tucker says. “How can I protect my family?”
Take a look at:
These 5 industries have the biggest gender pay gaps—here’s why
There are signs a recession could be on the way. Here are some ways to protect your savings
Register now Get smarter about your money and career with our weekly newsletter
[ad_2]
