The Real Economy: July 2021
Women, work and the pandemic: A search for balance
THE REAL ECONOMY
During the pandemic, women have taken the brunt of the damage to the labor force, whether it’s losing their jobs or working triple time at home with child care and education duties on top of their work obligations. Real wage differentials between men and women during the pandemic have turned into a chasm, with the gap increasing by more than 19% at the depths of the economic disruption.
In this month’s The Real Economy, we explain what’s behind this setback, and also look at improving household balance sheets, the decline in Treasury bond yields, and why a cooled-off market for SPAC IPOs might be a positive development.
IN THIS ISSUE
During the pandemic, women have taken the brunt of the damage to the labor force, losing jobs and working triple time at home.
Consumers continued rebalancing household finances in the first quarter, shedding credit card debt and home equity lines of credit.
The yield on 10-year Treasury bonds has been on a roller coaster since reaching its recent peak of 1.74% on March 31.
IPOs of special purpose acquisition companies (SPACs) have almost ground to a halt, what should we make of the current pause?
Higher home prices in the United States are not fueling the rental market, despite media reports to the contrary.