NEW YORK - A tight U.S. labor market and booming demand in industries with an abundance of female workers is drawing more women back into the workforce, helping to shrink the longstanding gap in the labor participation rate between men and women to the narrowest on record.
The share of women aged 25 to 54 who either have jobs or are looking for work rose by a full percentage point in August to 76.3%, according to the report. The gain helped to lift the overall labor participation rate to 63.2%, one of the bright spots in a monthly jobs report otherwise riddled with signs of a softening U.S. economy.
Women are benefiting because they have a stronger presence in rapidly growing sectors such as health care and education, Bunker said. The education and health services sector, where women hold roughly three of every four jobs, added 32,000 jobs in August, topped only by the professional services and government sectors. However, many of those jobs are often low paying, contributing to the overall gender wage gap.
That gap could continue to shrink as women benefit from college degrees, which they are more likely to hold than men, Zandi said.
Thank You GOP and realDonaldTrump. Hopefully, now African Americans and Women will support him more
Literally everyone has two jobs. This is spin.
Wow! That beats forced slave labor any day.
Here’s a better headline from the first paragraph “labor participation rate between men and women to the narrowest on record.”
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Is this headline purposely boring?
Trump is a racist that’s why
Capitalism👍
Donald Trump’s focus on ordinary Americans is working. Black America, Hispanics and Women are prospering like never before. MAGA benefits real people, not the rich. KAG Trump2020
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