Friday, August 8, 2008

Women Lose More Jobs in Recessions

The U.S. Congress Joint Economic Committee recently released a report confirming that women are more vulnerable to job loss during recession. Unlike the economic downturns of the 1980s and 1990s, the 2001 recession was particularly detrimental to women because they not only lost more jobs than men but also did not see their employment rates recover to their pre-recession peak. Since women bring home more than one-third of family income and single mothers are often the sole breadwinners, women’s unemployment also has harsh implications for the economic security of families and communities. Greater job losses for women translate into reduced government revenue and cuts in spending on programs and services that benefit women and their families.
http://www.nytimes.com/2008/07/22/business/22jobs.html?scp=1&sq=women+and+jobs&st=nyt
http://jec.senate.gov/index.cfm?FuseAction=Files.View&FileStore_id=80a7a0cd-6125-495d-bca5-09af2c0393f9

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