The pandemic’s impact on the economy has been particularly brutal for working women.

December dramatically underscored the pandemic’s unrelentingly disastrous impact on working women, because as the U.S. economy lost 156,000 jobs in December, women accounted for more than 111% of jobs lost last month, while men gained 16,000 jobs, according to an analysis by the National Women’s Law Center (NWLC).

Fortune reports that the government’s grim monthly report, the last released under President Trump, shows the pandemic’s ongoing wreckage of the U.S. economy—and the extent to which that damage has been felt by women, especially women of color. Black and Latina women working in retail, restaurants, and other “essential” service-sector industries, often for very low pay, have been disproportionately laid off amid the pandemic’s lockdowns and business closures. Last month, as worsening coronavirus casualties led to new shutdowns, leisure and hospitality employers cut 498,000 jobs—almost 57% of which were held by women(These losses were only somewhat offset by net job gains in other industries, including the holiday-season retail sector.)

A pandemic that hurts women more

Since February, Fortune adds that women have lost a net 5.4 million jobs, or 55% of the more than 9.8 million U.S. jobs that have been lost since February, according to the NWLC. Meanwhile, the crippling burden of childcare and remote learning has fallen much more heavily on mothers than on fathers, leading many women to stop working or even looking for work. Almost 2.1 million women have dropped out of the labor force entirely since February, meaning that they are not looking for employment. Almost 40% of unemployed women in December have been out of work for six months or more, according to the NWLC, and “we know from past recessions that the longer you’re out of work, the more likely it is to depress your wages when you do get a job again,” Martin says.

“This crisis continues to have a racially disparate impact, and to really hit hardest Black women and Latinas who are doing jobs we can’t do from home,” says Emily Martin, vice president for education and workplace justice at the NWLC. “If you are in a low-wage service sector job, you’re not able to work from home and try to take care of your kids in between conference calls. Those are jobs where, if you have a caregiving crisis, you may just have to leave the workforce entirely (…) The impact on women of this crisis is going to be one that they feel economically for years to come,” she adds. “We’re really in danger of widening gender and racial wage gaps—and that has huge impacts for the financial security of women, and of the families who are depending on women.”

2021-01-11T15:55:48+00:00

About the Author:

María Elena Platas
Is a headhunter and specialized coach in talent development and executive search for management levels. She is an associate in Caldwell Partners.
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