The coronavirus recession is hitting women the hardest - News Summed Up

The coronavirus recession is hitting women the hardest


New York (CNN Business) The coronavirus recession is devastating America's labor market -- and by almost every measure, it's worse for women than any previous economic slump. which shrank by half in just a few weeks as the country went into lockdown. Women make up the majority of employees in the hospitality and leisure sector which shrank by half in just a few weeks as the country went into lockdown. The recession following the 2008 financial crisis was nicknamed a "mancession" because so many men were laid off from construction and manufacturing jobs. Bureau of Labor Statistics began to track monthly data in 1948.


Source: CNN May 11, 2020 18:56 UTC



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