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International Women’s Day

The world marks International Women’s Day today, an annual celebration that highlights the economic, political and social achievements of women.

“International Women’s Day is the story of ordinary women as makers of history; it is rooted in the centuries-old struggle of women to participate in society on an equal footing with men,” the United Nations says.

The day was marked for the first time in the early 1900s. More than one million women and men attended rallies in Austria, Denmark, Germany and Switzerland in 1911.  They demanded the right to vote and hold public office, and for an end to job discrimination.

‘It is a time to reflect on progress made, to call for change and to celebrate acts of courage and determination by ordinary women who have played an extraordinary role in the history of women’s rights,” the United Nations says.

Will equality for females be silver lining of economic dark cloud?

Men bear the brunt of US jobs lost

The US recession has opened up the biggest gap between male and female unemployment rates since records began in 1948, as men bear the brunt of the economy’s contraction.

Men have lost almost 80 per cent of the 5.1m jobs that have gone in the US since the recession started, pushing the male unemployment rate to 8.8 per cent. The female jobless rate has hit 7 per cent.  This is a dramatic reversal of the trend over the past few years, where the rates of male and female unemployment barely differed, at about 5 per cent. It also means that women could soon overtake men as the majority of the US labor force.

Men have been disproportionately hurt because they dominate those industries that have been crushed: nine in every 10 construction workers are male, as are seven in every 10 manufacturing workers. These two sectors alone have lost almost 2.5m jobs. Women, in contrast, tend to hold more cyclically stable jobs and make up 75 per cent of the most insulated sectors of all: education and healthcare.

The widening gap between male and female joblessness means many US families are solely reliant on the income the woman brings in. Since women earn on average 20 per cent less than men, that is putting extra strain on many households.

Another report says — So the men of corporate America created the financial mess. Big surprise. Can the growing ranks of female CEOs help clean up the mess? The latest Fortune 500 rankings show a record number of women are running top companies. And while many of these women pull in relatively modest salaries, some of their companies are weathering the economic storm with relative ease.

Will this economic storm result in women proving themselves and finally attaining equality in the work force?

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