Pandemic recession becomes 'shecession' as more working moms are forced to quit jobs
As a social service provider, Colleen Zavodny knows how important it is to take care of her mental health, but the coronavirus pandemic has tested her like nothing else.“I’ve had a couple nasty, ugly cries where I wonder how am I going to keep managing this,” said Zavodny, of Woodridge, Ill., who runs the YWCA Metropolitan Chicago’s rape crisis center.Zavodny supervises e-learning for her 5-year-old daughter Silvia while working full time for the YWCA from home. She also had been working as a server at a restaurant every other weekend when her ex has custody of their daughter.When COVID-19 res...
Susan Tompor: US economy to deliver record 3rd quarter — but spiking COVID-19 cases could bring slump
The U.S. economic scorecard is set to post one mind-blowing grand slam Thursday for record growth in the third quarter. But, like much of 2020, don’t be shocked if the economic bump reverts into yet another slump.Worries are building that the COVID-19 spike in Europe possibly could foreshadow widespread shutdowns in the United States — and that would hurt economic growth.Future rollbacks on a regional basis in the U.S. could slow things significantly, possibly contributing to a recession, especially if an alarming level of coronavirus cases continue in many communities and another giant stimul...
Detroit Free Press
Editorial: The women-last recovery: The COVID recession is setting back mothers
The coronavirus has killed 107,472 men in America, and just (just!) 91,332 women (as of Oct. 3).But the virus’ economic impacts here are being disproportionately borne by women, who made up 46% of the U.S. workforce pre-pandemic, but account for 54% of jobs lost since the recession began. In September alone, married women lost 1.2 million jobs, while single men gained 1 million jobs.Why? It’s simple and it’s complicated. Industries and sectors with the greatest job losses tended to be low-wage and service jobs, disproportionately held by women. Meanwhile, hamstrung by closed schools and cut of...
New York Daily News
Biden leads Trump in new poll, but voters believe incumbent can bring back the economy
Democratic candidate Joe Biden leads President Donald Trump in a new poll that finds voters still think the incumbent is better qualified to bring back the nation’s anemic economy, which is in recession as the nation struggles to manage the COVID-19 pandemic.An NPR/PBS NewsHour/Marist Poll that surveyed 1,152 adults between Sept. 11 and Sept. 16 found Biden leads Trump overall with 52% of the vote compared to the president’s 42%. That margin tightens slightly when third party candidates are included in the polling.The poll shows that Biden holds a commanding lead over Trump when it comes to ra...
New York Daily News