Recovery

Two steps forward, one step back. That’s the story of the recovery for women.

Our analysis of April’s monthly jobs data brought fairly positive news for women, who gained 73 percent of the 115,000 jobs last month, the largest share of monthly job gains for women since the start of the recovery. But the total monthly job gains in April were the lowest in 2012. And the story for women during the recovery overall isn’t as rosy.

Women have gained only 16 percent of the nearly 2.5 million jobs added during the recovery, and their slow gains are driven largely by public sector losses. In fact, for every two jobs women gained in the private sector during the recovery, they lost one in the public sector. Men also have lost public sector jobs during the recovery, but their public sector job losses are smaller both in absolute terms and relative to their private sector job gains, as the chart below shows.

Other fast facts you should know:

• Unemployment rates dropped slightly. April brought a slight decrease in the unemployment rate to 8.1 percent overall. Men’s unemployment rate also dropped slightly, to 7.5 percent. However, the unemployment rate for women held steady at 7.4 percent. The decreases in the unemployment rates are largely due to people leaving the labor force.

It’s the first month of jobs data for 2012 and January is off to a good start, according to NWLC’s number crunching this morning. The newly released jobs data for January brought some good news – drops in unemployment and job gains for both women and men this month.

Here are a few things you should know from today’s jobs data:

• Women’s and men’s unemployment is the same for the first time since the start of the recession. When the recession officially began in December 2007, the unemployment rate for both women and men stood at 4.4 percent. Over two and a half years later, their unemployment rates finally meet again – at 7.7 percent. Since the start of the recovery in June 2009, men’s unemployment has dropped 2.2 percentage points, while women’s unemployment has essentially remained flat – rising slightly from 7.6 percent in June 2009.

Today’s jobs data seemed to have some good news – overall unemployment dropped to 8.6 percent, a level of unemployment we haven’t seen since before the start of the recovery.  However, our analysis shows some troubling trends. Despite the decreased unemployment in November, single mothers, black women, and black men saw their unemployment rise. And the reason for the drop in overall unemployment isn’t a big surge in the number of Americans finding work. In fact, more workers dropped out of the labor force last month than found jobs—and all of the workers who left the labor force last month were women and female teens.

More numbers behind the headlines:

• Public sector losses continue. Last month the public sector lost 20,000 jobs for a total of 568,000 jobs lost in the public sector since the recovery began in June 2009. Nearly 66 percent of the public sector losses over this time are women’s job losses.

Today’s jobs data brought surprising news – not only did women gain jobs, they actually gained most of the jobs added to the economy in October. However, our analysis shows that the news isn’t all good – overall unemployment was 9.0 percent and women’s unemployment dropped by just 0.1 percentage points to 8.0 percent, still higher than the 7.7 percent unemployment they had at the beginning of the recovery.  In fact, since the official start of the recovery in June 2009, women have actually lost 117,000 jobs, despite the fact that the economy added more than 1.0 million jobs during that time.

The data show that the job market remains bleak.  The unemployment rate overall hardly dropped, nearly 14 million Americans are officially unemployed, and millions more are underemployed or have given up on finding work. Despite these numbers, just yesterday, the Senate blocked yet another jobs bill, the Rebuild America Jobs Act, which would have created hundreds of thousands of jobs. This bill was just one of three blocked in the last month by the Senate, which also blocked the American Jobs Act and another of its components, the Teachers and First Responders Back to Work Act. Read more »

With the Labor Day holiday around the corner, today’s jobs data leaves no room for celebration. This month, the modest recovery ground to a halt – with no jobs added to the economy in the month of August. Our analysis shows that the news was even worse for women, whose unemployment rate inched up in August. While both women’s and men’s small gains in the private sector were wiped out by public sector job losses in August, since the start of the recovery in June 2009, men have gained 984,000 jobs, while women have lost 345,000 jobs. Read more »