Business

UN report says financial crisis worse for women workers

UNITED NATIONS — The global financial and economic crisis hit women harder than men in the job market — and no improvement is likely in the coming years, the UN labor agency said in a new report.

The International Labor Organization said the gap between unemployed women and men rose in 2012, destroying 13 million jobs for women.

Advertisement

Looking ahead, the Geneva-based organization wasn’t optimistic of a quick recovery.

The ILO’s Global Employment Trends for Women 2012, circulated on Friday, said projections show no significant reduction in female unemployment expected “even by 2017.”

Get Talking Points in your inbox:
An afternoon recap of the day’s most important business news, delivered weekdays.
Thank you for signing up! Sign up for more newsletters here

Michelle Bachelet, executive director of UN Women, which contributed to the report, said that “while women worldwide contribute to the economy and its productivity, they continue to face many barriers that prevent them from realizing their full economic potential.”

“This is not only holding back women; it is holding back economic performance and growth,” she said. “Guaranteeing equal opportunities for women and men is not just the right thing to do, it’s smart economics.”

According to the report, between 2002 and 2007 there was a 0.5 percent gender gap in unemployment: The female unemployment rate was higher at 5.8 percent compared with male unemployment at 5.3 percent. The global financial crisis raised this gender gap to 0.7 percent, which amounts to 13 million jobs lost for women, it said.

Advertisement

“The crisis appears to have worsened gender gaps in unemployment across all regions, regardless of whether they were on the front lines of the crisis like the advanced economies, or a degree removed like Asia and Africa,” the report said. It said women also suffer from a difference in the quality of employment in comparison with men.

The report calls for an expansion of social protection measures to reduce women’s vulnerabilities, investment in skills development and education, and policies to promote access to employment.

Loading comments...
Real journalists. Real journalism. Subscribe to The Boston Globe today.
You're reading  1 of 5 free articles.
Get UNLIMITED access for only 99¢ per week Subscribe Now >
You're reading1 of 5 free articles.Keep scrolling to see more articles recomended for you Subscribe now
We hope you've enjoyed your 5 free articles.
Continue reading by subscribing to Globe.com for just 99¢.
 Already a member? Log in Home
Subscriber Log In

We hope you've enjoyed your 5 free articles'

Stay informed with unlimited access to Boston’s trusted news source.

  • High-quality journalism from the region’s largest newsroom
  • Convenient access across all of your devices
  • Today’s Headlines daily newsletter
  • Subscriber-only access to exclusive offers, events, contests, eBooks, and more
  • Less than 25¢ a week
Marketing image of BostonGlobe.com
Marketing image of BostonGlobe.com