Women in the Workplace Could Propel United States GDP by $1 Trillion

Women in the Workplace Could , Propel United States GDP by $1 Trillion.

Reuters reports that if female participation levels in the American labor market were to grow to those seen in other countries.

Research suggests the U.S. economy could grow by over $1 trillion in the next decade.

A report published by Moody's on International Women's day says women in the United States have especially felt the struggles of the coronavirus pandemic.

The report says many women were forced out of work in part due to inefficient or non-existent policies such as paid leave and child-care subsidies.

In 2021 in the United States, 11.4% more males between 25 and 54 years old were participating in the labor market.

In comparison, the divide between men and women in the United Kingdom is 6.6%.

In Sweden, the gender divide is closer to 4%.

As policymakers and investors consider the impact of diversity, Moody's, a credit rating provider, .

As policymakers and investors consider the impact of diversity, Moody's, a credit rating provider, .

Says data indicates more diversity and women in executive positions correlates with higher credit ratings.

We consider the presence of women on boards – and the diversity of opinion they bring – as being supportive of good corporate governance, which is positive for credit quality, Moody's, via Reuters.

We consider the presence of women on boards – and the diversity of opinion they bring – as being supportive of good corporate governance, which is positive for credit quality, Moody's, via Reuters