US women labor force participation rate for ages 25-54 hits all-time high in May
Though about 2 million American women fled the workforce during the pandemic, there are more women on U.S. payrolls than ever before.
Working women and mothers who picked up new positions in the post-COVID era spoke to FOX Business’ Gerri Willis on Wednesday, saying the boom is all thanks to newfound flexibility.
"Of my friends and women that I know that have kids in my children's schools, the majority of them either have some kind of hybrid or flexible working arrangement," Manhattan-based consultant Kaity Garcia said in a recent "Varney & Co." interview.
Three years after female workers saw the lowest participation rate in a decade, U.S. Bureau of Labor Statistics (BLS) data released in May reported the labor force participation rate for women ages 25 to 54 reached a historic high of 77.6%.
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Total U.S. job growth also unexpectedly surged in May, with employers adding 339,000 jobs to the economy, easily beating the 190,000 jobs forecast by Refinitiv economists. That also marks an increase from April, when payrolls increased by an upwardly revised 294,000.
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| A women's "prime earning years" are also her "prime childbearing years," Charter Law COO and mom Jackie Sieve told FOX Business' Gerri Willis Wednesday. (Getty Images) |
Garcia added that she wasn’t able to be a full-time parent while working her pre-pandemic office job.
"It was really apparent right from the start of our job search that I’d have to find something that was fully remote," Garcia said, "because if we couldn’t, there would be no way to do it."
Another working mom and consultant, Becca Stucky, also expressed to Willis that a hybrid or flexible schedule removed any childcare challenges.
"I found a nanny, she got COVID. I found another nanny, she didn't show. All of a sudden, all the daycares shut down," Stucky detailed her frustrations with in-office work.
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