Every summer, women's participation in the labor market declines by a magnitude of nearly a third of the decline seen in the Great Recession.
The labor force participation rate for women in their prime working years hit a record high of 78.1% in May, according to the, a percentage point higher than the rate pre-COVID. But women's participation fell to 77.9% the following month, while there was an uptick in men's participation.
The caregiving demand is greater for those with young children. Mothers with children under five years old had a far lower participation rate during the month of May than mothers of older children, theThis seasonal decline in women’s employment and hours translates into an estimated 3.3% loss in weekly earnings during the summer months, the NBER paper found. This decrease is five times larger than the decrease men experience during the same period.
A woman is seen walking while holding hands with a boy on a bridge in Warsaw, Poland, on Aug. 26, 2022. The rise of remote and hybrid work during the pandemic opened up more flexible options for parents. But it's not yet clear if remote work is leading to more equitable working arrangements. Lorraine attempts different methods to keep her child Lilliana, who is attending virtual school, entertained in Louisville, Ky., on Feb. 24, 2021. These workday interruptions can translate into long-lasting career impacts. The NBER report found that child-related interruptions influenced women to select a career that provided more flexibility and a reduced commute but less pay or promotional opportunities.
"I definitely don't think the current statistics are sufficient to really help us understand what's happening with parents in today's economy and in today's labor market or what's happening with caregivers,” Heggeness said. “In terms of helping us really understand the dynamics of how individuals and families are thriving, it's not enough.”London, Ont.
Participation Rate Labor Market NBER Bureau Of Labor Statistics Participation Women Misty Heggeness Parents Labor Force
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