World
Participation: Charting 60+ years of women in the workforce

Participation: Charting 60+ years of women in the workforce

Record level

During the pandemic, the female labor force shrunk to levels not seen for 5 years, causing some to worry that the unemployment rate for women may not recover, with talks of the great “she-cession” continuing into 2022.

April data from the BLS, however, suggests that the she-cession has faded. That’s due in large part to prime working age women, defined by the Bureau of Labor Statistics as those aged 25-54, becoming more active in the labor force, with 77.5% of that cohort now in work or seeking employment — the highest number on record.

There's a multitude of possible explanations for the record figure, from economic necessity caused by inflation, to the still-warm labor market, to long-term societal shifts, and the rise of flexible work post-pandemic. That last factor has particularly benefitted working mothers — 71.6% of women with children under 18 now participate in the US labor force, well up from February 2020 figures, as many feel more enabled to juggle home and work responsibilities.

The 77.5% participation figure reflects decades of change in the US workforce. At the start of 1960, just over 42% of women aged 25-54 were in the labor force, compared to more than 97% of all men of the same age. That gap has narrowed in the 60 years since, hitting its slimmest point last August when the prime-age male participation rate only outweighed the female equivalent by 11.5%.

More World

See all World
world

Starbucks sells control of China business for $4 billion

Starbucks disclosed on Monday evening in a regulatory filing that it will sell control of its ailing China business to Boyu Capital for about $4 billion.

Under the agreement, Boyu will own a 60% stake in the China segment, which will become a joint venture between Boyu and Starbucks. The coffee chain will retain a 40% interest in the entity and will continue to own and license the brand and intellectual property.

Bloomberg reported earlier this year that the company was looking to sell its China segment. The American coffee giant has struggled to succeed in China, its second-largest market after the US.

world

John Wayne Airport in Orange County tops the list of North America’s favorite airports

Despite a record year of passenger numbers, flight cancellations, and delays, a new survey has revealed that flyers have been increasingly satisfied about their experiences in North American airports. 

According to this year’s North America Airport Satisfaction Study from data analysts at J.D. Power, overall passenger satisfaction scores were up 10 points (on a 1,000-point scale), largely from “improvements in food, beverage and retail and ease of travel through the airport.” The annual survey measures overall traveler satisfaction across the region’s airports in seven categories (in order of importance): ease of travel, level of trust, terminal facilities, airport staff, airport departure experience, food and retail, and airport arrival experience.

Here are the regions favorites:

Latest Stories

Sherwood Media, LLC produces fresh and unique perspectives on topical financial news and is a fully owned subsidiary of Robinhood Markets, Inc., and any views expressed here do not necessarily reflect the views of any other Robinhood affiliate, including Robinhood Markets, Inc., Robinhood Financial LLC, Robinhood Securities, LLC, Robinhood Crypto, LLC, or Robinhood Money, LLC.