The Labor Department announced today that the unemployment rate is now the highest in over 25 years, 8.5 percent. If they were to add in workers forced to work part-time and the so-called “discouraged” workers who are no longer hoping to find employment, the rate would be 15.6%. Over 3.25 million jobs have been lost in the past 5 months alone. And the average workweek is now 33.2 hours, a new record low. Economists predict we will pull out of this but not for some time. For now, it’s important for you to hang in there and draw upon your strength and adaptability as a family.
One of our readers, Sally Olds, weighed in on the situation earlier this week, saying, “And still, women make only 80 cents for every dollar men make. This, in addition to all their work on the home front. Just as women’s work was more highly valued during the “Rosie the Riveter” days during World War Two, maybe women’s financial contributions to their families during these tough times will result in more appreciation and more equitable income.”
There will be new perspectives and positives that come out of this ordeal for you and your whole family. Be proud of how you all are rising to the challenges. Recognize your strengths, assets, resources and the foundation of the family that will carry you through this transition. Change comes when you least expect it. The realities of the economy may eventually improve the careers of women even more than feminism alone did. In the meantime, your flexibility will serve you in good stead.
When you click on the title above, it will take you to our article, How to Turn a Crisis into a Challenge, which can help guide you as you face additional challenges in your life.