Erin Abrams writes for PWC’s The Glass Hammer - professional women are not opting out as much as previously thought, and are hit by recessions more deeply. Abrams writes:
“Last week, we posited that women are being hit harder by job loss than men in this recession. This week, we bring you some compelling evidence for that theory. On July 22, 2008, the Majority Staff of the Congressional Joint Economic Committee, led by Senator Charles Schumer and Rep. Carolyn Maloney issued a report with their findings. Called “Equality in Job Loss: Women Are Increasingly Vulnerable during Recessions,” this report argues that women began losing jobs in the recession of 2001 and never fully recovered in the labor market, making this downturn all the more painful.”
