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Whether they have been laid off or had to leave to care for children home from school, many are struggling to make ends meet. In fact, 1 in 4 women are considering leaving the workforce or downshifting their careers, according to a September Women in the Workplace report from Lean In and McKinsey & Company. The implications are far-reaching and could result in a widening of the gender pay gap, said Emily Martin, vice president for education and workplace justice at NWLC. Long-term unemployment, as well as leaving the labor force entirely for a spell, that is certainly going to show up in wages once you are again employed, she said. ....
More than 2.3 million women have left the workforce since February of 2020, bringing their labor participation rate to levels not seen since 1988. ....