Women Rebounding From Great Recession Faster Than Men

by William White | September 13, 2013 1:20 pm

Women are rebounding from the Great Recession faster than what men are, having regained all the jobs they lost during it.

Men on the other hand, still have to make up 2.1 million jobs lost during the Great Recession. This is likely due to the growing amount of jobs available in industries like retail, education, restaurants and hotels, which are all jobs typically held by woman. Jobs typically held by men, such as construction and manufacturing, aren’t adding as many new workers as jobs typically held by women. Men still hold more jobs than women do and more men have found work than women since the recession ended. It’s just that more men lost jobs during the Great Recession than what woman did, making it harder for them to bounce back. The recession still hit woman hard, especially those that worked for the government. Budget cuts have caused 689,000 government employees to lose their jobs since 2007. 70% of those cuts were women, reports the Associated Press[1].

The Pew Research Center released results from a poll that showed that about 54% of American adults felt that there incomes have “hardly recovered at all” from the recession, reports the Chicago Tribune[2].

  1. Associated Press: http://hosted.ap.org/dynamic/stories/U/US_JOBS_WOMEN?SITE=AP&SECTION=HOME&TEMPLATE=DEFAULT&CTIME=2013-09-12-17-22-01
  2. Chicago Tribune: http://articles.chicagotribune.com/2013-09-12/news/sns-rt-us-usa-poverty-hunger-20130912_1_u-s-census-bureau-recession-gallup

Source URL: https://investorplace.com/2013/09/women-rebounding-from-great-recession-faster-than-men/
Short URL: http://invstplc.com/1fpm8eu