Monday, February 8, 2010

Women Taking Over the Workforce

NY Times details that women, for the first time in recorded history, outnumber men in the workforce (on a non-seasonally adjusted basis):

For the first time in recorded history, women outnumber men on the nation’s payrolls.

This benchmark is bittersweet, as it comes largely at men’s expense. Because men have been losing their jobs faster than women, the downturn has at times been referred to as a “man-cession.”

Women’s new majority in the nation’s workplaces comes decades after women first began trading in their aprons for pantsuits in droves, and it reinforces expectations that women will continue on the path to pay parity.

Source: BLS