Wednesday, April 24, 2013

More Women in the Workplace — An Under-tapped Recipe for Success


When the economy slipped into a deep recession during late 2007, the U.S. labor market had sustained comparable unemployment rates for men and women throughout the post-war era; in fact, the gender unemployment gap never exceeded 1 percent during this period. As the recession deepened and the job market hemorrhaged more than 8.4 million jobs between December 2007 and October 2009, the unemployment rate among adult men soared to a high of 11 percent, while the unemployment rate among adult women peaked at 8.3 percent. It has been just over three years since the recession officially ended and recovery technically began. According to the latest figures compiled by the U.S. Department of Labor Statistics, the gender unemployment gap has closed to within 0.4 percent. But rather than standing as an indicate of gender equity, this figure underscores some significant structural shifts in the post-recessive labor market with stark implications for women in the workforce.

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