| Millennial women and Gen Z are seeing the biggest career setbacks in the pandemic. According to the International Labour Organization, younger workers 15-24-years-old were “disproportionately impacted” by employment losses in the U.S., seeing losses of 8.7% and women in particular experienced unemployment losses of 5% compared to men at 3.9%. The Institute for Women’s Policy Research reported that 5.4 million women lost jobs since last February—55% of all net U.S. job losses in that time period, and almost 2.1 million women vanished from the paid labor force entirely. Economists are predicting the crisis will increase the gender wage gap by 5%. YPulse’s Life Plans, Rewritten trend research found that Millennial women have not seen the employment recovery that Millennial men have, and they are more likely to hope to start a new job in 2021. (Fortune, Business Insider) |
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