Women have regained only 12.2 percent (318,000) of the total jobs they lost in the recession (2.6 million from November 2007 to the trough for women’s employment in September 2010, which occurred more than one year after the recession officially ended).
Banking and finance is an important source of employment for women, and women are six of ten employees in the industry.
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Why are men doing somewhat better than women at this point in the recession?
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The Great Recession has been characterized by massive job loss for both women and men. It is as if a giant tsunami wave washed across the American economy and wiped millions of jobs away. As the wave recedes, people are attempting to rebuild their lives.
