US economist says Covid may have driven many women out of the labour market

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Pandemic may have driven many women out of the labour market, US economist warns via IrishTimesBiz

The initial rise in unemployment triggered by the pandemic was larger for women than for men, prompting the term “she-cession”.force participation rates among women in the Republic have remained low by international standards despite rising wages and more career opportunities.

As one of the US Federal Reserve’s 18 top officials, Ms Daly is responsible for setting US interest rates, a hot topic of debate at the moment with inflation at a near 40-year high of 6.2 per cent in the US. “If we act too aggressively to offset the high inflation that’s caused by these supply and demand imbalances we won’t actually do very much to solve the supply chain problems but we will bridle the economy in a way that will mean less job-creation down the road,” she said.

 

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