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Money | 07/22/2008 7:29 am

More Women Leaving Workforce Amid Recession

By The Staff at wowOwow.com
iStock
After spending so many years flooding just about every job out there – an accomplishment once unimaginable - for the first time since the women’s movement burst to life, an economic recovery has come and gone, and the percentage of women at work has fallen.

Each of the seven previous economic recoveries since 1960 ended with a greater percentage of women at work than when it began. But many women in their prime earning years from across the states stopped working this decade, according to recent numbers from the Bureau of Labor Statistics. And with the economy in the toilet, those numbers are likely to accelerate.

Economists first started noticing this trend two or three years ago, but many then thought it was by choice that women were staying home – to raise kids, run the house, or just because their husbands made enough money for the both of them. But government data to be released today, which follows the women’s story through the end of 2007, shows that women are being afflicted on a large scale by the same troubles as men: downturns, layoffs, outsourcing, stagnant wages or the discouraging prospect of an outright pay cut. And, again, like men, they are either dropping out of the daily grind altogether or just taking a break from it.

"When we saw women starting to drop out in the early part of this decade, we thought it was the motherhood movement, women staying home to raise their kids," Heather Boushey, a senior economist at the Joint Economic Committee of Congress, told The New York Times. "We did not think it was the economy, but when we looked into it, we realized that it was."

Even though the proportion of women holding jobs in their prime working years fell only 2.2 percentage points since 2000, that small amount erased more than 12 years of gains for women. If that decrease had not occurred, more than 4 million additional women in their prime years would be working now.

"Women bring home about one-third of family income," said Carolyn Maloney, Democrat of New York and vice chairman of the Joint Economic Committee. "And only those families with a working wife have seen real improvement in their living standards."

Read more about: Business, Economy, News, Recession, workforce

11 Reader Comments (so far…) Sign In or Register to comment

Linda Clark
I can only speak for myself, so here goes ………….I am in the final stages of building my own business (with my sister). I will be leaving the “typical” workforce soon, but not for the reasons described in this article. I am doing so specifically due to the desire to be in control of my own future. I will no longer be beholden to anothers’ schedule or demand (male or female). My business savvy is based on the experiences and expectations of others ……period. And so, in closing ……………….. to the Joint Economic Committee, put my scenario in your proverbial pipe and smoke it ……………. there are thousands more just like me!
By Linda Clark on 07/22/2008 10:21 am
Lady Gator
Linda—-Hey, thought about you this AM when I heard that Hurricane Dolly might be heading your way. If so, it sounds like a really big rain maker. Hope it’s only a Category 1. That’s bad enough. Take cover! Will remember you in my prayers. It’s that time of year when Texasans and Floridians all pay VERyY close attention to the weather!!!
By Lady Gator on 07/22/2008 11:23 am
Lady Gator
Whoops!!! Sorry about the goof. Where is the person who wanted to be “Typo Person”?
By Lady Gator on 07/22/2008 11:25 am
Linda Clark
Lady Gator …………..yes, it’s that time of year again ……. as you know, so many go into “crisis” mode but forget the most important part, that of “staying” prepared. Having a “plan”, keeping a supply of water, canned foods, batteries, full gas tanks, protective clothing, blankets, medicine, first aid kit, various methods of communication and important documents. Both my husband and son, who work in different industries (communications and law enforcement), always go on “standby” for their jobs. For me that means I’m in “solitude” mode. That is if you can call having a total of 5 pets curled up in my bed solitude! Thanks for thinking of me, it looks as though the storm is going to make landfall south of Brownsville (3 hours south of me). In that area and south of the border are some of the poorest communities. Keep them in your prayers ………
By Linda Clark on 07/22/2008 11:51 am
Lady Gator
Linda You are so right about the “staying prepared”. When Jeb Bush was Governor — he stressed that point over and over. I have my Hurricane closet in the garage. Each year I add or subtract. If my husband had his way there would be 50 cans of Vienna Sausages and 20 boxes of crackers!!! This winter we bought a generator — you never buy one “in season” because it will cost twice the original amount. Bertha buzzed by over here offshore. The only thing she really did was delight the surfers. You know “Hey dude surf’s up!!!!! In the past, I have felt reasonably safe knowing that Jeb had ships waiting offshore with supplies. With the new Governor — I just hope we are as prepared as in the past!
By Lady Gator on 07/22/2008 1:24 pm
Linda Clark
Hey Lady Gator ……… I will too, keep you in my prayers. And now, every time I open a box of crackers, I’ll think you ya! Damn, now I’m hungry ……. thanks LG!
By Linda Clark on 07/22/2008 2:36 pm
Tee Zee
I’m currently downsized for the second time. It’s pretty scary and frustrating as I age I am less valued even though I still have a great deal to offer. Knowing just how much to compromise is a challenge. Does the business world really believe you have to be twenty and a size 0 to be relevant?
By Tee Zee on 07/22/2008 11:15 am
mary lou s
in that article in the new york times today, the median income for women fell from $15.03 to an inflation adjusted $14.84. but men’s income was $2/hour higher. is that what we call equality? and i can assure you, a lot of men do NOT spend it on their kids. breadwinner, my foot!
By mary lou s on 07/22/2008 1:53 pm
rocky rocky
It surprises me that the reporter who wrote this Times article was surprised. Women are always among the first to feel a downturn in the economy. We feel it first, suffer it longer, and are among the last to benefit from the recovery. I guess the silver lining is that there is at last some empirical evidence to support what we have always known.
By rocky rocky on 07/22/2008 9:32 pm
Sherrie Crews
When I first started hearing a while back that women were choosing to get out of the workforce to be stay at home wives and mothers I thought that sounded very suspicious. I couldn’t help wondering how they could afford to do that when all around me I was seeing factories and the small businesses in the surrounding areas that depend on those wages close. I figured if the trend of choosing to stay home and being financially able to do so must be happening in the upper middle class executive ranks in the finacial world.
By Sherrie Crews on 07/23/2008 10:12 am
Ellen Rohr
I believe honorable free trade is a path to peace, prosperity and freedom. Start your own business. Learn the basics. Grow through profits. You can create an extraordinary business and a life of financial freedom. This is a good idea even if you have a great job. Hedge your bets and bet on yourself. xo$, Ellen
By Ellen Rohr on 09/01/2008 2:37 pm