Speed of female job losses raises CT’s eyebrows
Hartford Business Journel
American males lost more jobs in the first two years of the economic collapse tied to the financial meltdown, but the second wave of layoffs has hit women much harder, a new report says. Connecticut’s leading women’s advocate calls it an alarming trend.
The Pew Research Center’s report highlights gender disparities in the rates men and women are gaining and losing jobs in the recession.
“From the end of the recession in June 2009 through May 2011, men gained 768,000 jobs and lowered their unemployment rate by 1.1 percentage points to 9.5 percent,” the report says. “Women, by contrast, lost 218,000 jobs during the same period and their unemployment rate increased by 0.2 percentage points to 8.5 percent.”
The Pew Research Center report, authored by senior researcher Rakesh Kochhar, is based on an analysis of U.S. Bureau of Labor Statistics data.
Teresa C. Younger, executive director of Connecticut’s Permanent Commission on the Status of Women, a research and policy arm of the General Assembly, expressed alarm Thursday.
“This trend is important to track because it breaks with historical recovery patterns and may have a significant impact on women’s overall ability to gain financial security as the nation moves out of the recession,” she said in a statement accompanying announcement of the Pew report.
“But it’s of concern to us that in fields not traditionally populated by women and where women have made strides, such as manufacturing and finance, they are losing jobs at a faster rate …”