Women's Unemployment Highest In Over 25 Years
WASHINGTON - The Bureau of Labor Statistics (BLS) has released its monthly employment data for the month of November. Unemployment rose for both men and women; the overall women's rate reached 8.4 percent, its highest level since June 1983. Although 39,000 jobs were added in November, women saw a loss of 14,000 jobs last month.
The following is a statement by Joan Entmacher, Vice President of Family Economic Security, National Women's Law Center (NWLC): "Today's numbers are a stark reminder that the economy remains fragile. With millions of women and men still without work, the country's top priority must be to create jobs. Unless Congress acts immediately, by the end of the month more than two million people will have lost their unemployment insurance benefits. It is not surprising that the Congressional Budget Office ranks unemployment insurance as the most effective means of stimulating the struggling economy, generating $1.90 in economic activity for every $1 the government spends. In the midst of the current deficit debate, policy makers must not lose sight that in the short term the focus must remain on investing in the nation's economic recovery and helping struggling families through this crisis."
