Beverly Hills 11/13/2009 6:22:56 AM
News / Business

Women to become Workforce Majority

Financial World News Update by Equities Magazine

Women are slated to become the majority of the workforce as the recession drags on. The combination of sharp layoffs in male-dominated sectors, like manufacturing and construction and household necessity are driving women back to work.

In September, women made up 49.9% of the work force, up 1.2 percentage points from the start of the recession in December 2007. Unemployment for men over the age of sixteen stood at 11.4% last month, the highest in 25 years, as opposed to 8.8% for women.

President Obama’s stimulus package will widen these disparities further, as opportunities in female dominated industries, like education and health care continue to grow.

Furthermore, women that once enjoyed the option of not having to work are headed into the office out of a fresh necessity.  This marks a pivotal point the work force. With many women going to work because they have to, the gender inequality in compensation is sure to come under fire.

About EQUITIES:

Since 1951, EQUITIES Magazine has been a leading media company providing business editorial content designed to serve the needs of business leaders, professionals, institutional investors and retail investors. We are focused on business and the business of making money, not on lifestyle subjects. We publish original reporting in print and on the Internet at www.equitiesmagazine.com, as well as select content at www.nasdaq.com.  For 28 years we have hosted our own branded investor conferences that connect public company CEO’s with our loyal readers in the investment community.

 

Sign up for a free one-year subscription to EQUITIES Magazine.