She-cession. Pink Collar Recession. No matter what you call it, it’s happening.
The statistics are stark: More than 5 million payroll jobs held by women were lost in 2020. Of those women, nearly 2.5 million left the workforce entirely in the last year. Just in the month of December, women accounted for a stunning 100% of job losses. Women of color are reflected disproportionately in all of these numbers.
And it’s not letting up: A recent report from McKinsey found that women are 1.3 times more likely than men to consider leaving the workforce, with about one in four women on the