An estimated 5.5 million women have exited the workforce in the past year (with some already referring to this professional exodus as the first-ever “she-cession”). Many female professionals didn’t have a choice to remain at their jobs since closed schools and daycares limited childcare options for families. Though this has been the case across industries and ethnicities, women of color have been most significantly impacted since they’re overrepresented in the retail, childcare and leisure industries—some of the industries hit hardest by COVID-19, says Cate Luzio, the founder and CEO of Luminary, a career advancement platform.
In fact, Luzio shares a startling statistic: Women’s participation in the labor force is at its lowest level since 1988.
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