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This Article is From Apr 01, 2022

Women Return to U.S. Job Market in Biggest Jump Since June 2020

Women Return to U.S. Job Market in Biggest Jump Since June 2020

U.S. women made a strong comeback to the labor force in March.

The labor-force participation rate for so-called prime age women, those ages 25 to 54, jumped to 76.5%, the highest level since February 2020, according the jobs report released by the Bureau of Labor Statistics Friday. The rate for men of the same age declined slightly after a big jump in the prior month. 

The U.S. has been lagging peer countries in the jobs recovery for women, hindered by a lack of affordable childcare and elder care that's prevented many from re-entering the workforce. 

Many of the sectors that saw a rebound in payrolls in March have a large share of women, including leisure and hospitality, which accounted for a quarter of total gains. Professional and business services, retail trade and education and health services also posted solid advances.

The Black unemployment rate fell to a fresh pandemic low, tightening for the third month in a row to 6.2%, the March data also show. It was led by men, whose jobless rate of 5.6% is now below pre-Covid levels.

Even so, the jobless rate for Black Americans is still well above the national average, which fell to 3.6% last month. 

Read More: U.S. Hiring Stays Robust as Jobless Rate Falls, Wages Pick Up

©2022 Bloomberg L.P.

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