American women are returning to the workforce, helping to fuel economic growth amidst high inflation and rising interest rates, according to a recent article published in The Wall Street Journal.
For four consecutive months, women have gained more jobs than men, holding over 49.8% of all nonfarm jobs. Factors such as higher pay, remote work adoption and financial pressures are encouraging more women to seek employment. Women now hold 66% of jobs in the leisure, hospitality, private education, health and other services sectors. The recent labor-force recovery has been particularly significant among mothers, with the share of mothers with school-age children employed or seeking work surpassing January 2020 levels.
Lightbridge Academy® CEO Gigi Schweikert told WSJ that the early childhood education and child care franchise has seen a steady increase in enrollment over the past few months as more mothers return to the workforce. Additionally, applications for teaching jobs at Lightbridge Academy are up about 50% from 2020 and the first few months of 2021, when labor shortages resulted in shortened hours.
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