Moody's Says Women Workers Could Drive $1 Trillion Rise in U.S. GDP
Women have been particularly hard hit by the pandemic
The U.S. economy could get a $1 trillion boost over the next 10 years if female labor market participation grew to the levels seen in other developed economies, a report on gender equality said on Tuesday.
Published on International Women's day by Moody's, the report said women had been particularly hard hit by the COVID-19 pandemic as economic lockdowns disrupted schooling, child care and female-dominated industries like education and healthcare.
While that hit women globally, more left work in the United States and Canada than in the UK, Germany, Sweden and Australia, partly due to a lack of family-friendly policies such as guaranteed paid family leave and child-care subsidies, it said.
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