The month of November showed a large number of women leaving the workforce. The reasons are not clear but regardless if they were due to layoffs or other factors the totals are concerning.
Employed Women, Dropping Out of the Labor Force
By Catherine Rampell
The New York Times
In Friday’s jobs report coverage, we noted that the unemployment rate fell partly because 315,000 people dropped out of the labor force — that is, they were not even looking for work. Closer analysis reveals that the entirety of that decline was due to the departure of women — and particularly employed women — from the labor force.
In the month of November, the number of men in the labor force (working or actively looking) rose by about 23,000. By contrast, the number of women in the labor force fell by 339,000. (The numbers do not add to a 315,000 net loss because of rounding.)
Even more peculiar is what these lost female workers did before they dropped out.
Read the complete article – HERE
