Published originally in the Los Angeles Business Journal
Women have recovered all jobs lost since the 2008 economic recession, while men lag in regaining the 6 million jobs lost according to a report from the Bureau of Labor Statistics released in November. Today there are 67.6 million women in the workforce, up from 67.4 million in March 2008. By comparison, there are 69.2 million men working today, which still lags from the 70.9 million peak in June 2007. Based on the current data and workforce trends, women are poised to exert much greater workplace power in the years ahead.
At the same time women in certain industries are poised to climb to the c-suite. Sectors that have weathered the financial crisis and are now experiencing significant growth are more often women-led industries. Areas in which women are regaining jobs are in the healthcare, education, hospitality, and retail industries. Meanwhile, in male-dominated sectors, like construction and manufacturing, men are struggling to recoup from the economic downturn altogether. Continue reading