A record number of women have left the workforce since the pandemic began. More than 860,000 women dropped out of the workforce as of September 2020 compared with just over 200,000 men. The current unemployment rate for women has more than doubled the pre-pandemic rates, and economists predict the workforce exodus could set women back a generation.
Child and eldercare support systems have crumbled in the face of COVID-19 with added restrictions and closures, and 27% of U.S. childcare providers have still not reopened as of December 2020. So the responsibilities for women in these areas have soared, with the related brain drain having a significant impact on employers.