Women in the US expected to drive economic recovery

While women in the UK are expected to suffer most from the cutbacks forecast for the public sector, a new report from the US suggets women will drive the economic recovery in the US.

While women in the UK are expected to suffer most from the cutbacks forecast for the public sector, a new report from the US suggets women will drive the economic recovery in the US.

According to the Huffington Post, a report by Bank of America Merrrill Lynch argues that women will drive economic recovery because they have more stable jobs than men. It says employers wants more highly educated employees and that the big employment gaps will be in nursing and retail. Women are more likely to have been in higher education than men and dominate the retail and nursing industry.

In the US more men are out of work than women because they are  more likely to work in the construction and manufacturing sectors which were hit hardest by the recession.

Ethan Harris, co-author of the report, says: "It will require a generational shift and a shift in attitudes about what is a traditional male versus female job. For men to catch up, they will have to accept that a healthcare job is a good job."





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