Jobs

Today’s monthly jobs report released by Bureau of Labor Statistics shows mixed signs for women and the workforce.  Here are some important figures from NWLC's analysis of the new report:

• Women gained 125,000 jobs in August, which amount to three-quarters of overall job growth. Most of the new jobs in August, however, were in low-wage sectors, continuing a trend we saw last month and—especially for women—since the start of the recovery. Overall, five low-wage sectors (retail, leisure and hospitality, temporary help, home health care services, and nursing and residential care facilities) made up nearly 60 percent of the net job gains in August, despite the fact that these sectors account for just over one-quarter (27 percent) of the economy.

At this rate, the purple wedge in our economy will keep growing and women will continue to struggle to find well-paying jobs. Read more »

The Bureau of Labor Statistics released the monthly jobs data for July today and the numbers tell the story of a recovery that is just too slow.

There was good news in July as adult women’s unemployment rate matched its recovery-era low at 6.5 percent. However, this rate is still 1.5 times as high as the unemployment rate for adult women when the recession began in December 2007. Additionally – adult African-American women, adult Hispanic women, and single moms all still have unemployment rates several percentage points above this level.

July also proved to be a less-than-impressive month on the jobs front. The economy added 162,000 jobs in July, 117,000 of which were gained by women. However, adding 162,000 jobs each month is far below what we need to get back to pre-recession employment levels including absorbing the growth in the population. In fact, here’s a (sad) fact for the day: at this pace, it will take nearly 11 years, until 2024, to close the jobs gap, according to estimates by the Hamilton Project. Read more »

Amid BBQs and Independence Day celebrations, the Bureau of Labor Statistics released the monthly jobs data for June last Friday. With these new data, we can now see how the economy is doing four years since the recovery started in June 2009. Today, NWLC released a new report on how women are faring.

So what’s the main take away? Women have made much better job gains in the recovery over the past couple of years, but there is a still a long way to go to a full recovery.

Our new report gives you all the details on the numbers, but here are a few key points:

• Unemployment rates have declined for adult women and dramatically for adult men since the start of the recovery: from 7.6 percent in June 2009 to 6.8 percent in June 2013 for adult women and from 9.9 percent in June 2009 to 7.0 percent in June 2013 for adult men. However, unemployment rates for both adult women and men in June 2013 were still more than one and a half times higher than in December 2007.
  

Here’s a highlight for you in the release of last month’s jobs data: in April, adult women’s unemployment rate fell to its lowest point in more than four years. That’s right, the last time unemployment was this low was in the first months of 2009.

But hey there, hold your horses. Don’t get too excited yet!

While this number may be looking pretty good, the overall story just isn’t quite as nice. April brought in another month of slow job growth and slow monthly gains mean that it still could take years to recover fully from the recession. Over at the Economic Policy Institute, economist Heidi Shierholz writes, “In good times this would be fine, but at a time of persistent economic weakness, it represents an ongoing disaster.”

So what else stands out in today’s jobs report? Here’s what caught my eye as we crunched the numbers for today’s NWLC analysis:

• 6.7 percent: This represents the good. Unemployment rates continue to fall, and women’s unemployment rate hit a four-year low last month at 6.7 percent. In April, adult men’s unemployment rate ticked up slightly, while the overall unemployment rate fell ever so slightly, also to a four-year low. Overall, we’re doing better, but we’re gaining jobs at a crushingly slow pace, especially compared to earlier recoveries.

Today’s release of March jobs data brought far less exciting news than February. The economy added only 88,000 jobs last month, less than 30% of which went to women and unemployment rates were little changed for adult women and men, hovering around 7 percent.

Here are the numbers that stood out to me as we crunched the numbers for today’s NWLC analysis:

• 25,000: That’s the number of jobs women gained in March and it’s less than 30 percent of the total jobs added last month. It’s a tiny number and nowhere near what is necessary for a real recovery. Since the recovery started in June 2009, women and men have each gained private sector jobs, but public sector losses continue to hold everyone back – particularly women.

  

• 12,000: That’s the number of manufacturing jobs that women lost last month, while men gained 9,000. Just a few weeks ago we published an analysis of how the manufacturing recovery has been nonexistent for women. In his State of the Union address, President Obama praised the manufacturing gains since January 2010, just three years prior. But here’s the full story: Since January 2010, the economy has gained over a half million manufacturing jobs — men have gained 557,000, while women have actually lost 36,000. This isn’t a recovery for women in “man”ufacturing.

This morning's Census data signal positive growth in manufacturing, but there's a hidden part of this story that new NWLC analysis of jobs data reveals: women are being left behind. 

The Census data show that new durable goods orders were up in February and that orders have increased five of the last six months. But women are not sharing in this manufacturing recovery: 

• Manufacturing added 517,000 net jobs from January 2010 to February 2013. Men gained 535,000 jobs, while women actually lost 18,000 jobs. 
• This trend is not a correction for men's recession losses — during the recession men and women both experienced manufacturing job losses proportionate to their share of the field. 

Today’s release of February jobs data brought pretty good news – 236,000 jobs added to the economy and the overall unemployment rate dropped slightly to 7.7 percent. Unfortunately we still have a long way to go.

Here are the highlights from today’s NWLC analysis:

• The overall story in February was good, but women only gained one-third of the jobs added last month. The economy added 236,000 jobs between January and February, only 80,000 of which went to women.
• Public sector losses continued in February. Both women and men lost public sector jobs in February, bringing the total number of public sector jobs lost over the recovery to 462,000 for women and 280,000 for men.
•  Unemployment rates fell for adult women and men, but still remain unacceptably high. Adult women’s and men’s unemployment rates fell in February – to 7.0 percent and 7.1 percent, respectively. While these rates are an improvement since the recession began in December 2007, they still aren’t very good when put in historical context: apart from this recession, adult women have not seen unemployment rates above 7 percent in nearly 30 years – for men it is over 20.

The sequester is looming and recent estimates have shown that it would cost 750,000 jobs in 2013 alone. These losses would ripple through the economy, including public sector workers and government contractors, workers in other sectors who support these industries, and jobs in the overall economy that are supported when public sector workers spend their paychecks. These cuts would fall heavily on public sector employees – teachers, health care workers, first responders – a sector which can ill-afford more losses.

In fact, new NWLC analysis shows that for both men and women the public sector was the ONLY major sector which lost jobs between January 2012-January 2013. The sector overall lost 74,000 jobs in the last year, 63,000 of which – over 85 percent – were women’s jobs. Read more »

Today’s release of January jobs data brought a bit of mixed news to the story of the recovery. This month, women gained nearly two out of every three jobs added to the economy, but public sector job losses continued and unemployment rates were essentially flat.

The good news this month is continued steady job growth – 157,000 jobs were added to the economy in January, about two-thirds of which went to women. The number isn’t as good as the previous few months, but shows that slowly, but surely, the economy, driven by private sector growth, continues to add jobs. The bad news in the jobs numbers came once again in the public sector: in January, public sector losses cut into private sector gains. Women disproportionately bore these public sector losses in January, mirroring a trend we’ve seen in the recovery overall.

In September 2006, the U.S. hadn't been through the Great Recession, there were no iPhones, and the country had only seen one season of "dancing" stars.

September 2006 was also the last time that adult women's unemployment exceeded men's — that is, until LAST month! According to NWLC analysis of today's new jobs data, adult women's (20+) unemployment rate climbed to 7.3 percent in December, 2012. Women's unemployment edged above men's, which at a 7.2 percent rate was unchanged from November:

The increase in unemployment for adult women overall was driven by new women job seekers who couldn't find work. Read more »