The Economist article, “How COVID-19 Triggered America’s First Female Recession in over 50 Years” highlighted SF Fed research by Olivia Lofton, Nicolas Petrosky-Nadeau, and Lily Seitelman, from their working paper, “Parents in a Pandemic Labor Market.”
The article notes that recent lower labor market participation among women reflects both differences in parental responsibilities during the pandemic and large job losses in female-dominated sectors.
The Federal Reserve Bank of San Francisco (SF Fed) works to advance the nation’s monetary, financial, and payment systems to build a stronger economy for all Americans. As part of the U.S. central bank, the SF Fed serves the Twelfth Federal Reserve District, which covers the nine western states—Alaska, Arizona, California, Hawai’i, Idaho, Nevada, Oregon, Utah, and Washington—plus American Samoa, Guam, and the Commonwealth of the Northern Mariana Islands. By pursuing our two key goals of maximum employment and price stability—known as the Fed’s dual mandate—we work toward supporting an economy that works for everyone.