Barron’s: “The Economic Recovery Depends on Getting Women Back to Work. Here’s Why.”By admin_45 in IN THE NEWS
Excerpt from Barron's quoting DataTrek's Jessica Rabe:
.... "Fed officials haven’t hidden the fact that they are focused on an inclusive recovery. Thus, it behooves investors to pay close attention to women’s labor-force participation and job growth. The Fed is unlikely to tighten monetary policy until employers can offer women their full-time jobs back, says Jessica Rabe, co-founder of DataTrek Research, an investment research firm. That’s why she expects Fed Chairman Jerome Powell to stay accommodative and be creative, using all the tools at the Fed’s disposal to get more Americans back to work as soon as possible.
“The only way to get female labor-force participation back to prepandemic levels is by getting the economy running as hot and fast as possible, because growth is what pushes employers to hire,” Rabe says.
Among the challenges will be accessibility to in-person schooling and child care, especially as summer approaches. “This dynamic is particularly difficult for single moms who need their full-time jobs back in order to pay for childcare,” Rabe says. “In many ways, this needs to be the single-mom recovery"....
Read the full article here on Barron's!