As more women, than men, become educated employment is rising.
According to Bloomberg, women are storming back into the U.S. job market in force. Worker participation levels recently reached by women haven’t been achieved in nearly two decades, since the year 2000.
“Millennial women are now more likely to have a college degree than their male peers, and employment rates climb with education.” Women have also been delaying marriage and kids. Cultural factors such as these also boost employment rates, which are expected to fuel growth of more women in the workforce again this year.
Equally importantly, the increase in participation indicates employment demand for knowledge workers and demonstrates how more women want to apply their educations. And, because it’s healthy for labor markets to grow, the movement of more women working is good news for the U.S. economy.
According to Bloomberg, “The phenomenon is also positive for newly-employed women, because they may be laying the groundwork for higher wages as their careers progress.”
Aside from being more educated, according to one labor economist, women represent, “…a cohort that’s highly motivated to work, not just for money, but also for fulfillment and financial freedom.”