A recent SHRM article shed light on the current she-cession and its visible impact on employment numbers.
According to the latest BLS report, From Feb 2020 to Jan 2022, 1.1 million women left the workforce, accounting for 63% of jobs losses from the labor force participation rate.
While there was a gain in female employment in Jan 2022; it would have to be ten-fold more to cover the loss since Feb 2020.
The article also highlights those childcare duties are what’s keeping women from rejoining the workforce.
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Stay tuned for more updates on the She-cession as we follow our theme of the Women in Business month; visit our trends page for more.
