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Good morning, Broadsheet readers! The Winter Olympics kick off, Queen Elizabeth celebrates 70 years on the throne, and January's jobs report shows the women's employment crisis is far from over. Have a productive Monday.
- Jobs report. For a few months, it seemed like the women's employment crisis of the pandemic was easing. In October, women gained 57% of the jobs added to the economy. In November, Black women's unemployment fell to 5%. In December, women's labor force participation rose—even if that rate was still lower than it had been in decades.
But whether the economic outlook is good or bad news for women always depends on which slice of data you're looking at. Friday's January jobs report made that clear once again.
In January 2022, 27 times more men than women joined the labor force, according to an analysis by the National Women's Law Center (which also provided the above analyses for the past few months.) Men have completely recouped pandemic employment losses, while 1.1 million fewer women are participating in the labor force than did in February 2020. Some more numbers: 39,000 women over age 20 joined the workforce last month, compared to 1 million men. The economy gained 467,000 jobs, but just 40% of those went to women.
NWLC director of research Jasmine Tucker blames this disparity not just on the...
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https://fortune.com/2022/02/07/the-womens-employment-crisis-is-far-from-over-...