Working Women Likely to Be Hit Hard by a Recession

Waves_crashing A new study out by Congress’s Joint Economic Committee in the United States suggests that working women are likely to suffer with an impending recession much in the same way they did during the recession of 2001. This is because many more women work in fields, like education and health care, where local governments will have to cut back on spending. This is likely to also further impact the economy as the report finds that the only families who have seen real increases in income over the last several years are those where the woman works outside the home. Interestingly, the report also dismisses the commonly held assumption that women who leave jobs are doing so to become stay-at-home mothers, as the employment rate for mothers is not significantly different from non-mothers. I know that there are differences between the US and UK economies, but with recession on the lips of most British people it is interesting to see how the economic forecast may affect working British women and how we may all be in for a stormy time ahead. For more on this story, click here. 

Related Posts Plugin for WordPress, Blogger...