Amid BBQs and Independence Day celebrations, the Bureau of Labor Statistics released the monthly jobs data for June last Friday. With these new data, we can now see how the economy is doing four years since the recovery started in June 2009. Today, NWLC released a new report on how women are faring.
So what’s the main take away? Women have made much better job gains in the recovery over the past couple of years, but there is a still a long way to go to a full recovery.
Our new report gives you all the details on the numbers, but here are a few key points:
- One of the other continuing problems related to this recession and slow recovery is long-term unemployment rates – or the share of jobless workers who are still looking for work after six months of searching. Long-term unemployment rates for adult women (37.2 percent) and men (39.5 percent) were still much higher in June 2013 than at the start of the recovery. Plus, these rates are still twice as high as at the start of the recession.
Taking all of the new data we gathered this month together, we see that we still have a long way to go until the economy is back in a good place. Unemployment rates are falling, but remain high, especially for some groups of women and men. Jobs are being added to the economy, but many are low-wage and public sector job losses continue to hamper a quicker recovery. The analysis in the report shows that we need lawmakers to act to speed up the recovery. We must stop sequestration and other austerity measures and start investing in job creation and our future.