Pandemic has forced Jersey women out of the labor market
A new study finds the pandemic has forced a significantly higher number of women than men out of the labor market.
According to Andy Challenger, the vice president of global outplacement at the executive and business coaching firm Challenger Gray & Christmas, the number of Garden State women who have left their jobs since the start of the health emergency is 20% higher than their male counterparts.
“In New Jersey, the unemployment rate for women is 10.8% compared to 8.6% for men, and that’s a really dramatic difference that’s going to have ramifications for years to come, he said.
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By Eric Morath The number of workers seeking unemployment benefits fell sharply last week, adding to signs that the job market could be stabilizing after layoffs edged higher earlier in the winter. Initial weekly unemployment claims decreased by 111,000 to a seasonally adjusted 730,000 last week, the Labor Department said Thursday. It was the lowest weekly level of new applications to regular state programs since late November and the biggest weekly drop since last summer. However, the latest figures came as storms disrupted business in parts of the country and at least one state appeared to adjust for attempted fraud filings, factors that could have thrown off the totals.
U.S. Unemployment Claims Fell Sharply Last Week 3rd Update
02/25/2021 | 02:28pm EDT
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By Eric Morath The jobs market appears to be returning to growth, with new applications for unemployment benefits falling to the lowest level since November amid other signs hiring is picking up. Initial weekly unemployment claims decreased by 111,000 to a seasonally adjusted 730,000 last week, the Labor Department said Thursday. It was also the biggest drop in new applications for regular state programs since last summer. The latest figures came as storms disrupted business in parts of the country and at least one state is adjusting for attempted fraud filings, factors that could have affected the totals. Still, weekly claims have dropped significantly since an early January peak above 900,000 and the four-week moving average, which smooths out volatility in the weekly figures, dropped to 807,750.
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