image via Tampon Crafts.
Women will recover faster from the recession than men, which leads economists to suggest investing in female-centered companies like Ann Taylor and Lululemon.
Women will rebound from the U.S. recession faster than men because females didn’t lose as many jobs as men did during the recession, the report said. Some of the industries most affected by the economy, such as manufacturing and construction, had more male than female workers. The unemployment rate for women is 8.9 percent compared with 10.6 percent for men, the report said. The overall unemployment rate was 9.8 percent in November.
More women are also graduating from college, with more than 50 percent of the bachelor’s degrees in the last decade awarded to women, according to the report. They also make up the majority of the workforce in 9 of the 10 occupations that the U.S. Bureau of Labor Statistics predicts will add the most jobs over the next 8 years.
While a gender wage gap remains, it’s narrowing, the note said. Women working at least 35 hours a week in the first quarter of 2010 received 79 percent of the wages earned by men, according to the Labor Department.
Upside: More women have jobs. Downside: We don’t get paid fairly for the work we do. Conclusion: These are really great shorts and I would like a pair for Christmas. Women!