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Economic Downturn & Its Impact on Women

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Digging below the "media superficial" on the realities of the economic downtown's impact on women.

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Economic Downturn & Its Impact on Women

  1. 1. Julie  Graber   The  Ins0tute  on  Women   ins0tuteonwomen.org  jgraber@ins0tuteonwomen.org   Copyright © 2009, The Institute on Women
  2. 2. In  the  News…  •  In  Downturns  Wake,  Women  Hold  Half  of  U.S.  Jobs  (Wall   Street  Journal)   –  Women  Now  Hold  Half  of  U.S.  Jobs  -­‐  For  Less  Money  Than   Men  •  Women  gain  as  men  lose  jobs  (USA  Today)   –  When  Will  Women  Become  the  Majority  of  the   Workforce?  (New  York  Times)  •  For  the  first  0me  in  our  na0ons  history,  fully  half  of  U.S.   workers  are  female  (Shriver  Report)     Copyright © 2009, The Institute on Women
  3. 3. Number  of  Men  and  Women  in  the  Payroll  Labor  Force  -­‐  2009  68500   67855  68000   67416  67500   66949  67000   66597   Women   Men   66375  66500   66115   66478   65888   65818  66000   66236   65719   66051   65884  65500   65803   65600   65523   65392   65319  65000  64500  64000   Jan-­‐09   Feb-­‐09   Mar-­‐09   Apr-­‐09   May-­‐09   Jun-­‐09   Jul-­‐09   Aug-­‐09   Sep-­‐09   Copyright © 2009, The Institute on Women
  4. 4. Percentage  of  Men  and  Women  in  the  Payroll  Labor  Force  50.60%   -­‐2009  50.40%   50.51%   50.44%   50.34%  50.20%   50.27%   50.22%   50.20%   50.14%   50.16%   50.15%  50.00%   49.86%   49.84%   49.85%   49.78%   49.80%  49.80%   49.73%   49.66%   Women   49.56%  49.60%   Men   49.49%  49.40%  49.20%  49.00%  48.80%   Jan-­‐09   Feb-­‐09   Mar-­‐09   Apr-­‐09   May-­‐09   Jun-­‐09   Jul-­‐09   Aug-­‐09   Sep-­‐09   Copyright © 2009, The Institute on Women
  5. 5. Women  Feeling  the  Impact  of  the  Current  Economic  Climate  15.0%   13.8%   13.8%  14.0%   13.6%   13.6%   13.4%   13.2%   12.9%  13.0%   Labor  Force  Par0cipa0on  Rate  -­‐  Women  65  years  and  older   12.6%   12.2%   12.5%   11.7%  12.0%   12.4%   11.6%   Unemployment  -­‐  female  headed  households   11.9%   11.7%  11.0%   11.3%   Unemployment  -­‐  African  American  Women  10.0%   8.8%   9.0%   8.9%   8.1%   7.8%   8.0%   7.6%   7.5%   7.6%   7.0%   Unemployment  -­‐  All  women,  20  years  or  older   6.0%   5.4%   5.0%   Oct-­‐08   Nov-­‐08   Dec-­‐08   Jan-­‐09   Feb-­‐09   Mar-­‐09   Apr-­‐09   May-­‐09   Jun-­‐09   Jul-­‐09   Aug-­‐09   Sep-­‐09   Oct-­‐09   Copyright © 2009, The Institute on Women
  6. 6. TodayCopyright © 2009, The Institute on Women
  7. 7. Economic  Status  –  Median  Earnings  •  The  gender  wage  gap  in  Ohio  is  $.73  –  (state  rank:    35th)  –   lower  than  the  na<onal  average  of  $.78   Copyright © 2009, The Institute on Women
  8. 8. Economic  Status  –  Median  Earnings   Copyright © 2009, The Institute on Women
  9. 9. Gender  and  Wages  in  Ohio   $100,000 or more 17% 83%$75,000 to $99,999 26% 74%$65,000 to $74,999 32% 68%$55,000 to $64,999 35% 65%$50,000 to $54,999 36% 64%$45,000 to $49,999 40% 60%$40,000 to $44,999 41% 59%$35,000 to $39,999 45% 55%$30,000 to $34,999 49% 51%$25,000 to $29,999 53% 47% Female$22,500 to $24,999 58% 42% Male$20,000 to $22,499 54% 46%$17,500 to $19,999 58% 42%$15,000 to $17,499 59% 41%$12,500 to $14,999 62% 38%$10,000 to $12,499 59% 41% $7,500 to $9,999 59% 41% $5,000 to $7,499 59% 41% $2,500 to $4,999 58% 42%$1 to $2,499 or loss 57% 43% 0% 10% 20% 30% 40% 50% 60% 70% 80% 90% 100% Copyright © 2009, The Institute on Women
  10. 10. Economic  Status  -­‐  Six-­‐Figure  Salaries  •  Only  2%  of  women  working  on   •  Women  make  up  18%  of  the  six-­‐ Ohio  earn  six  figures  (vs.  7%  for   figure  earnings  in  Ohio   men)   18% 2% 98% Are Women 82% Are Men Gender Distribution of Six-Figure Salaries Six-Figure Earnings Among Working Women Copyright © 2009, The Institute on Women
  11. 11. Economic  Status  –  Business  Leadership  Women are the majority Women hold 34.5% ofowners of 29.8% of privately managerial positions in Ohioheld companies in Ohio organizations 34.5% 29.8% 70.2% 65.5% Women in Managerial Roles Business Ownership – 51% or more Copyright © 2009, The Institute on Women
  12. 12. EducaPonal  AQainment   •  Only  23.2%  of  Ohio’s  women   have  four  or  more  years  of  college   23% Women In Ohio With Four or More Years of College Copyright © 2009, The Institute on Women
  13. 13. EducaPonal  AQainment  –  It  takes  four  or  more  years  of  college  (or  the  equivalent)  to   increase  the  median  earnings  of  women  in  Ohio  to  exceed   the  median  earnings  of  men  with  a  high  school  diploma   ($36,024  vs.  $33,332)    –  Four  or  more  years  of  college  reduces  the  rate  of  poverty   among  women  from  12%  to  3.9%   Copyright © 2009, The Institute on Women
  14. 14. Health Issues:•  Ohio  ranks  among  the  worst   •  We  are  also  among  the   states  for  death  rates   worst  states  for  Our  own   among  women  from:   health  risk  behaviors   –  breast  cancer   –  Rate  of  smoking   –  colorectal  cancer     –  Regular  exercise   –  coronary  heart   –  Diet  includes  fruit   disease     and  vegetables   Copyright © 2009, The Institute on Women
  15. 15. Copyright © 2009, The Institute on Women

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