Women and the Recession

Economic recession or slowdown is referenced as a period of time of two successive quarters or half a year where there is negative production in the economy of any particular nation. An economic downturn has distinct effects on each sector of a nation and a specific sector could experience an affect that could be distinctive only in this sector. Now, women comprise just about half of the world’s population so during economic downturns, there is a comparative downturn on women’s jobs. Before the United States’ recession in 2001, women were not hugely affected by the economic slowdown, nonetheless, but after the 2001 recession in America, women started losing jobs in larger amounts. It is a fact that women also frequently experience high jobless figures – and, large numbers of families depend considerably on women’s employment to increase the household revenue during an economic slowdown according to The United States Bureau of Labor Statistics or ABLS. So when women lose their line of employment, households lose a significant share of the income as their salaries are said to be one thirty three percent of the entire family budget. Over the past thirty years, families who have a working wife have observed real increases in family income but during the 2001 slowdown, women were affected harder by unemployment than men. After the downturn of 2001, women were able to return to their jobs but did not experience any rise in their engagement rates. Women are said to be harder hit in the recession of 2008 as they are not as well represented in national and state departments. Between March 2001 and August 2004 in The United States, women lost work in an assortment of primary industries, losing 347,000 positions in I.T. alone and 367,000 in the retail sector. The unemployment rate among adult women workers increases faster in comparison to male workers, from 3.8 percent in March 2007, it went up to 4.6 percent in March 2008. There is also a significant effect on a woman’s wage as it is not as secure as a man’s. The situation is culturally imbedded, and based on gender analysis of outcomes, that women’s earnings just fill in the shortfall of men’s wages in terms of providing for the family. Therefore because a women’s pay not being a major generator of funds, is more at risk of deduction. A great many women face this problem in developing countries where poverty instigated by economic recession combined with a complete absence of job opportunities, often women are sucked into the world of prostitution and slavery. When economic downturn hit Asia in mid 1997, women were the hardest hit by the catastrophe. Because of the recession, many of workers were released from their work, with women, still holding the burden of providing for their households but given no other options. Southeast Asian nations were deeply affected by the financial crisis and were left with social scars so whenever an economic downturn or crisis similar to this occurs, women and children bear the marks. Dale Clark is an author and has written on numerous topics. He also operates several wedding websites that specialize in cheap wedding chair covers and chair covers to buy


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