“I think we should go ahead and call this a ‘shecession’,” said C. Nicole Mason, president and chief executive of the Institute for Women’s Policy Research, in a nod to the 2008 recession that came to be known as the ‘mancession’ because more men were affected.
Women accounted for 55 percent of the 20.5 million jobs lost in April, according to the Bureau of Labor Statistics, raising the unemployment rate for adult women to about 15 percent from 3.1 percent in February. By comparison, the unemployment rate for adult men was 13 percent.
Women of color fared worse, with unemployment rates for black women at 16.4 percent and Hispanic women at 20.2 percent.
According to an analysis by the National Women’s Law Center, this is the first time since 1948 that the female unemployment rate has reached double digits.