Unemployed-women

Women have lost more jobs than men have in the pandemic

WorkingNation's Jane Oates says more than 1/3 of unemployed women have been out of work for more than six months
-

At one point in early 2019, women outnumbered men in the American workforce. Since February, women have accounted for more than half of all jobs lost due to recession and pandemic, according to the most recent numbers from the Bureau of Labor Statistics.

In December, women lost more than 156,000 jobs, while men gained 16,000, creating a net loss of 140,000 jobs for the month all coming from women. In total, women have lost more than a million more jobs than men over the course of the pandemic.

ZipRecruiter labor economic Julia Pollak says “one reason is that this recession has disproportionately affected service sector industries, where women are heavily concentrated.

“But school closures are a major factor, too. Among Americans aged 25-54 (people of prime working age), the decline in labor force participation now exceeds the rise in permanent unemployment. And the fall in participation among mothers alone is larger than the increase in joblessness among all women, as economist Ernie Tedeschi has pointed out,” she adds.

“Women have been crushed,” says WorkingNation president Jane Oates in an interview with WGN’s NewsNation Now. She explains it shouldn’t be a surprise, given the industries being hit the hardest by the economic downturn.

Oates says that over the next year, as the economy starts to recover, there needs to be targeted programs to help get women, particularly women of color and younger women, back into the workforce. “Over a third of (these women) are long-termed unemployed. When you’ve been unemployed long-term—that’s over 27 weeks—it’s really hard to get back into the job market.”

Watch the entire NewsNation Now interview below.

Dana Beth Ardi

Executive Committee

Dana Beth Ardi, PhD, Executive Committee, is a thought leader and expert in the fields of executive search, talent management, organizational design, assessment, leadership and coaching. As an innovator in the human capital movement, Ardi creates enhanced value in companies by matching the most sought after talent with the best opportunities. Ardi coaches boards and investors on the art and science of building high caliber management teams. She provides them with the necessary skills to seek out and attract top-level management, to design the ideal organizational architectures and to deploy people against strategy. Ardi unearths the way a business works and the most effective way for people to work in them.

Ardi is an experienced business executive and senior consultant who leverages business organizational transformation through talent strategies. She uses her knowledge and experience to develop talent strategies to enhance revenue and profit contributions. She has a deep expertise in change management and organizational effectiveness and has designed and built high performance cultures. Ardi has significant experience in mergers, acquisitions, divestitures, IPO’s and turnarounds.

Ardi is an expert on the multi-generational workforce. She understands the four intersecting generations of workers coming together in contemporary companies, each with their own mindsets, leadership and communications styles, values and motivations. Ardi is sought after to assist companies manage and thrive by bringing the generations together. Her book, Fall of the Alphas: How Beta Leaders Win Through Connection, Collaboration and Influence, will be published by St. Martin’s Press. The book reflects Ardi’s deep expertise in understanding organizations and our changing society. It focuses on building a winning culture, how companies must grow and evolve, and how talent influences and shapes communities of work. This is what she has coined “Corporate Anthropology.” It is a playbook on how modern companies must meet challenges – culturally, globally, digitally, across genders and generations.

Ardi is currently the Managing Director and Founder of Corporate Anthropology Advisors, LLC, a consulting company that provides human capital advisory and innovative solutions to companies building value through people. Corporate Anthropology works with organizations, their cultures, the way they grow and develop, and the people who are responsible for forming their communities of work.

Prior to her position at Corporate Anthropology Advisors, Ardi served as a Partner/Managing Director at the private equity firms CCMP Capital and JPMorgan Partners. She was a partner at Flatiron Partners, a venture capital firm working with early state companies where she pioneered the human capital role within an investment portfolio.

Ardi holds a BS from the State University of New York at Buffalo as well as a Masters degree and PhD from Boston College. She started her career as professor at the Graduate Center at Fordham University in New York.