Casualties of the Crisis: Stress, Sexism and Layoffs Thin the Ranks of Women on Wall Street
"Women are disappearing from the ranks of finance workers, despite a decrease in sexual discrimination charges and a rash of new corporate programs to attract and retain them. Meanwhile, the number of men in the business has surged.
In the past 10 years, 141,000 women, 2.6% of female workers in finance, disappeared from the industry, while the ranks of men in the industry grew by 389,000, or 9.6%, according to a review of data provided by the federal Bureau of Labor Statistics.
The numbers suggest that women bore the brunt of the layoffs in the recent recession and sexism is still a problem in U.S. banks, insurance companies and real estate firms.
Young women, in particular, are becoming a rarity in the country's banks, brokerage houses and insurance companies. Since 2000, the number of women between ages 20 and 35 working in finance has dropped by 315,000, or 16.5%, while the number of men in that age range grew by 93,000, or 7.3%."
What We Do
NCRW is a network of leading university and community based research, policy, and advocacy centers with a growing global reach dedicated to advancing rights and opportunities for women and girls. We also have a Corporate Circle comprised of senior diversity professionals from leading U.S. and global member companies and a Presidents Circle of college and university leaders who share our commitment. NCRW harnesses the collective power of its network to provide knowledge, analysis, and thought leadership on issues ranging from reducing women’s poverty to building a critical mass of women’s leadership across sectors.
Print-friendly
Send to friend