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33-year low in female labor participation rate requires new childcare and paid-leave policies, JPMorgan says

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Full economic recovery in the US might not be enough to close gender gaps exacerbated by the pandemic, JPMorgan researchers said.

The coronavirus and its economic fallout disproportionately slammed American women, with female-dominated sectors like hospitality and education hit the hardest by lockdowns. The greater share of domestic work that women perform in American society also prompted many to leave work and focus on caretaking. Where men made up the bulk of job losses seen during the financial crisis, the current recession has seen job losses land more equally.

Women aren’t just losing or leaving their jobs, details ⇒

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