jezenomics
When it comes to American women and the potential and/or already-existing recession, there's
good news, and there's bad news. The good news, according to
Business Week: American women aged 20 and up gained nearly 300,000 jobs from November to April, while American men in the same age demographic lost nearly 700,000 jobs in that time period. In addition, in the private sector, the employment level for women went from 58.1% to 58.3%. Now the bad news! The jobs these women are getting aren't particularly good ones. Eileen Appelbaum, director of Rutgers University's Center for Women & Work, tells
BW, "We had an expansion of jobs for home health aides, retail clerks, child-care workers. They're low-wage, they're dead-end, and they don't have any benefits." In addition, the pay gap is widening: the past year, median weekly earnings for men rose 4.6%, while it only grew 3.1% for women. Over 75% of those making over $100,000 are men,
BW notes, even though women are graduating from college at higher rates. So what does this mean for the economy as a whole?
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