2023 Recession on Working Women
How recession makes working women to quit.
The global economy is cyclical and it is subject to booms and busts, and one of the most significant consequences of an economic recession is the impact it has on individuals and households. Women are often disproportionately affected by recessions, and this has been particularly true during the COVID-19 pandemic. In this blog post, we will examine the effects of an economic recession on working women.
During a recession, businesses often struggle to stay afloat, and as a result, many women may find themselves out of work or facing reduced working hours. Women are also more likely to work in industries that are highly impacted by recessions, such as hospitality, retail, and tourism, which have been significantly affected by the COVID-19 pandemic. This has resulted in a rise in unemployment and underemployment for women, which can have long-term effects on their financial stability.
Moreover, women may also face challenges in finding new employment during a recession. In a highly competitive job market, women may find it more difficult to secure a new job, especially if they are returning to work after a career break or have limited work experience. This can further impact their financial stability, as they may have to accept low-paying jobs or work in fields outside their area of expertise. If…
