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US economy lost 140,000 jobs in December — all held by women

It was a far worse outcome than the Bureau of Labor Statistics had predicted — a loss of 140.000 jobs for the month of December. Though jobs of all kinds and gender were lost due to the COVID-19 pandemic, of the 140,000 jobs that were lost in December, women accounted for all of them.

Jasper Spanjaart on January 11, 2021 Average reading time: 3 min
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US economy lost 140,000 jobs in December — all held by women

It’s January 2020, and for only the second time ever in the history of the nation, women hold more jobs than men in the US economy. Januari 2021 — and it’s seemingly back to square one. And while those statistics don’t say anything about the existing gender gap (women earn, on average, only $0.81 for ever dollar their male counterparts make). But it was still a unique occurrence, only to happen once in the history of the nation: during a brief period toward the latter end of 2009 and early 2010.

Since March and April, a total of 22 million jobs were cut — but as we near a full year of COVID-19-impacted job markets, just over half have been recovered.

A recent CNN Business report pictures a dark tale about the state of the US job market. Since March and April, a total of 22 million jobs were cut — but as we near a full year of COVID-19-impacted job markets, just over half have been recovered. As for the leisure and hospitality industry — which was hit hardest in every country — it lost the largest percentage of jobs: 3.9 million, or 23.2%.

Gender disparity

The net loss of 156,000 jobs was offset by 16,000 net jobs gained, amounting to a total of 140,000 lost jobs— but a deep dive only makes matters worse. Women accounted for all of those lost jobs, while men gained 16,000. In total, women ended 2020 with 5,4 million fewer jobs than they had in February. Meanwhile, lost 4,4 million jobs. “Of course many men lost their jobs in December, too — but when taken together as a group, they came out ahead, whereas women fell behind”, Annalyn Kurtz of CNN Business wrote.

Women accounted for all of those lost jobs, while men gained 16,000.

Worse for Black and Latina women

And then for the icing on the proverbial cake of dread: throughout December, white women made significant gains, while Blacks and Latinas lost jobs. A separate BLS survey of households showed further disparity between women, because those groups disproportionately work in the hardest-hit sectors — education, hospitality and retail. Among women, Latinas currently have the highest unemployment rate (9.1%), just before Black women (8.4%). While women have the lowest unemployment rate (5.7%).

A separate BLS survey of households showed further disparity between women, because those groups disproportionately work in the hardest-hit sectors.

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Jasper Spanjaart

Jasper Spanjaart

Writer and editor at ToTalent

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