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WOMEN WILL PLAY A CRITICAL ROLE IN THE U.S. ECONOMIC RECOVERY


Photo: Andrea Piacquadio/Pexels]




The CEO of Pipeline Equity points out that statistics show closing the gender equity gap would unlock $2 trillion in economic gains for the U.S. alone. The coronavirus crisis is an opportunity to close that gap now.


Business leaders have the opportunity to bend the arc of history toward inclusion right now. COVID-19 has exposed inequities that have either been long-buried or pushed aside. But business leaders must take a stand and modernize their human capital and business processes to ensure equity—in every single decision. Doing so will enable their companies to bounce back stronger and faster.


WOMEN WERE LEADING A STRONG JOBS MARKET

We need to begin by putting the economic situation into context. Just a few months ago, as we rang in the new decade, the U.S. recorded its longest streak (112 months) of consecutive monthly job growth. This strong labor market was pulling more women into the workforce.

Between January 2017 and August 2019, the labor-force participation rate among women in their prime working years increased from 74.5% to 76.3%. By December 2019, women held 50.04% of U.S. jobs (excluding farm workers and the self-employed). And, in a historic first, we had more women with bachelor’s degrees or higher than men in the workforce: 29.5 million versus 29.3 million, respectively.


Read full article here: https://www.fastcompany.com/90495469/women-will-play-a-critical-role-in-the-u-s-economic-recovery?partner=rss&utm_source=twitter.com&utm_medium=social&utm_campaign=rss+fastcompany&utm_content=rss


An article by fastcompany.com

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