1/13/2014 - Job positions filled by women at record levels
More women are now in the labor force than at any other time in recorded history, according to new estimates.
The Institute for Women's Policy Research reported that after reviewing a population estimate from the U.S. Bureau of Labor Statistics, the number of women in the working world hit a record in November, surpassing its previous high in March 2008. Additionally, virtually all of the jobs that women lost during the recession have since been regained. Meanwhile, men have only recouped about 73% of the employment positions held prior to the financial crisis.
Heidi Hartmann, president of the IWPR, indicated that while the new numbers are encouraging, the economy isn't moving at the pace it ought to be. There also aren't enough young people gaining jobs to replace individuals who have retired.
"While our aging population contributes to a long-term decline in labor force participation rates, strong family-friendly public policies could help raise the labor force participation of young adults raising children and others with caregiving responsibilities," said Hartmann.
As for the labor force participation rate among women, that's still off from the climax that was set in 2000, IWPR indicated, due in part to employers not recruiting new hires. However, if the number of jobs had grown as quickly at the working age population, women would have nearly 4 million more jobs than they do in actuality, while men would have about 5.5 million more.
Not only are more women working today, but they're also the individuals who are frequently purchasing business owners insurance. According to the National Association of Women Business Owners, approximately 10 million firms in the U.S. are operated by women, overseeing more than 13 million employees and contributing about $2 trillion in sales to the U.S. economy.