Employment for Women Sets Record in October

Monday, 18 Nov 2013 09:58 AM

By Audrey Hudson

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Women now hold a record number of jobs in the U.S. market — 67.5 million — gaining more positions than men during the recession years as they moved more quickly back into workforce, according to The Wall Street Journal.

Labor Department statistics put the new statistics just above the previous record of 67.4 million jobs that were held by women in 2008, at the start of the recession.

The number of men in the workforce is down to 69 million from a record 70.9 million jobs in 2007, according to the Labor Department.

The increase among women was credited to the kind of careers they typically follow in the health, education, and retail industries. Those jobs were as severely impacted during the recession as were male-dominated jobs in the construction and manufacturing sectors.

Overall, women lost about 2.7 million jobs during the recession, while men lost about 6 million.

"The last recession and recovery really showed how segregated the labor market is," said Ariane Hegewisch, an economist at the Institute for Women's Policy Research, a Washington-based think tank.

When population growth is factored into the equation, job gains have not kept pace, meaning women should have nearly 4 million more jobs while men should have nearly 6 million more jobs.

According to the Journal, nearly 60 percent of women and 70 percent of men are either working or looking for work. Meanwhile, the October unemployment rate stood at 6.9 percent for women and 7.6 percent for men.

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