2020 really HAD to kick us while we were down: New data released today finds that the U.S. economy lost 140,000 jobs in December—and all of them were held by women. The research, released today by the U.S Bureau of Labor Statistics, shows a bleak and deteriorating picture of the state of the U.S. economy. Despite the fact that mass vaccine distribution is on the horizon, U.S. businesses cut a staggering 140,000 jobs in December. As CNN discovered, in net numbers, women lost 156,000 jobs, while men gained 16,000...meaning women accounted for every job loss in the month.
To make matters even more depressing (is that even possible? Yes), the unemployment rate remained at a flat 6.7 percent, the first time we have not seen improvement in seven months.
Women have been some of the biggest victims of the pandemic. According to a study by McKinsey, women's jobs have been twice as vulnerable compared to men's jobs during the pandemic. That's partially because many female-heavy industries, like education, were hit particularly hard.
Black women specifically have suffered most by job loss and unemployment. Not only are Black Americans more likely to suffer from COVID-related health problems and die from the diseases, but many Black women are being financially impacted the hardest. An additional report finds that Black and Latina women lost jobs in December, while white women gained more jobs.
For women lucky enough to remain employed, many had to bear the brunt of child care or care for sick family members, causing additional stress and anxiety.
Megan DiTrolio is the editor of features and special projects at Marie Claire, where she oversees all career coverage and writes and edits stories on women’s issues, politics, cultural trends, and more. In addition to editing feature stories, she programs Marie Claire’s annual Power Trip conference and Marie Claire’s Getting Down To Business Instagram Live franchise.
The Best Face Masks for Every Skin Type and Concern
Oily skin? Need a glow? Want hydration? We have you covered.
By Samantha Holender
Is the Humble Bar of Soap the Future of Beauty?
Bars, powders, and concentrates are the beauty world’s latest obsession. Here's why everyone's going "waterless."
By Deanna Pai
Laptop Backpacks That Provide Both Fashion and Function
Stylish, take-anywhere backpacks that fit your laptop (and everything else, too).
By Julia Marzovilla
This Mutual Fund Firm Is Helping to Create a More Sustainable Future
Amy Domini and her firm, Domini Impact Investments LLC, are inspiring a greater and greener world—one investor at a time.
Power Players Build on Success
"The New Normal" left some brands stronger than ever. We asked then what lies ahead.
By Maria Ricapito
Don't Stress! You Can Get in Good Shape Money-wise
Yes, maybe you eat paleo and have mastered crow pose, but do you practice financial wellness?
By Sallie Krawcheck
The Book Club Revolution
Lots of women are voracious readers. Other women are capitalizing on that.
By Lily Herman
The Future of Women and Work
The pandemic has completely upended how we do our jobs. This is Marie Claire's guide to navigating your career in a COVID-19 world.
By Megan DiTrolio
Black-Owned Coworking Spaces Are Providing a Safe Haven for POC
For people of color, many of whom prefer to WFH, inclusive coworking spaces don't just offer a place to work—they cultivate community.
By Megan DiTrolio
Where Did All My Work Friends Go?
The pandemic has forced our work friendships to evolve. Will they ever be the same?
By Rachel Epstein
Your (Not So Official) Guide to Returning to the Office
Allow us to help you you figure out work attire, meetings, and how to get through a conversation with that guy from marketing without letting on that you forgot his name (I want to say it’s...“Rod”? “Rob?” “Rorb?” It’ll come to me eventually.)
By Gabrielle Moss