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

Study Suggests Strategies for Hiring Women in Sciences

A recent study tracking the career paths of more than 3,000 male and female applicants for jobs in science, mathematics and engineering fields found that women were less likely to apply and more likely to decline job offers than men. The study, conducted by sociologists Christy M. Glass of Utah State University and Krista Lynn Minnotte of the University of North Dakota, suggested strategies for recruiting more women into science and technology jobs. Although they determined that employers were willing to hire women, there was a lack of understanding of where and how to market jobs to female candidates. Recommendations ranged from advertising job postings in publications specifically geared towards women in the sciences to including at least one woman on search committees.
http://insidehighered.com/news/2008/08/05/women
http://aaa.main.usu.edu/Assessment/Fac_Vitas/SSWA/GlassChristy.pdf http://wfnetwork.bc.edu/leaders_entry.php?id=6453&area=All

High-Ranking Women Lose Jobs on Wall Street

Recent instability in the financial services sector has had a negative impact on women in corporate leadership. One of the highest-ranking women on Wall Street, Lehman Brothers chief financial officer Erin Callan, was recently removed from her post after the company suffered a $2.8 billion loss in the second quarter. The change came just months after Morgan Stanley forced the retirement of co-president Zoe Cruz. While no one should be allowed to remain in a job just to fill a quota, experts say that the expectations for women executives are higher and that women have to be “twice as credentialed” to even be considered for top jobs. Although women make up 46% of the workforce, only 15.4% of them hold Fortune 500 senior officer positions. “There’s so few women [that] when one of them gets fired [from an executive position], the percentage drops 10 percent,” said Gail Evans, former CNN executive vice president.
http://www.mainstreet.com/wall-street-women-under-siege

The Myth of Women "Opting Out" of the Workplace

When Lisa Seftel was planning for her first child, she and her employer made a deal that she would work three days in the office and two days at home. This arrangement would allow her to have full employer benefits and share the childcare with her husband. In 2003, however, her employer went back on his word, telling her she could work five days a week in the office or three days at home. Like so many other women, Seftel was forced to quit her job because she could not afford to pay for childcare and would lose her family’s health insurance if she worked only three days. While a plethora of news reports has explained the recent trend of women leaving the workforce as "opting out," new research has emerged showing that the workplace is at fault for failing to meet women’s needs.
http://www.womensenews.org/article.cfm?aid=3640

UPDATE: Women-owned small businesses victorious in U.S. District Court; Numbers are on the rise

A Census Bureau study released today found that women-owned businesses grew 20 percent from 1997 to 2002. During that period, women-owned businesses grew at twice the national rate for all private companies and also outpaced the growth of firms owned by men. The report comes as the U.S. Women’s Chamber of Commerce (USWCC) is celebrating a victory for women-owned small businesses around the country. In a case we have been following, the U.S. District Court recently ruled that the Small Business Administration had been “unreasonably” delaying the implementation of the Women’s Procurement Program, resulting in the loss of “billions of dollars in opportunities every year” for women business owners, according to USWCC CEO Margot Dorfman.

Full Article:
Women-Owned Businesses Grew at Twice the National Average, Census Bureau Reports