There’s a chilling trend emerging in the job market: Women are dropping out of the US labor force at some of the highest levels in history.
An estimated 455,000 women left the workforce between January and August this year, a period when the overall labor force has held relatively steady, Bureau of Labor Statistics data shows.
Only the pandemic saw a larger exodus for that period, according to BLS records that go back to 1948.
Economists are sounding the alarm: The losses, if continued, not only stand to erase the historic gains made by women in recent years but also risk stifling US economic growth. (CNN)
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