Economic recession or decline is referenced as a period of two successive quarters or half a year when there is a minus growth in the economic system of a given state. Economic decline has different effects on each sector of a nation and a specific sector could go through an affect that could be distinctive only in this sector. Now, women represent fifty percent of the world’s population so during recessions, there is a comparative downswing on women’s employment. Before the U.S. recession in 2001, women were not greatly impacted by the economic downturn, nonetheless, but after the 2001 recession in America, women began losing jobs in large numbers.

Women also frequently experience low employment statistics - and, a large number of households depend heavily on the woman’s work to increase the family revenue level in an economic slowdown as reported by The U.S. Bureau of Labor Statistics or USBLS. So as women lose their line of employment, households lose a significant share of the income as their salaries are said to be one thirty three percent of the whole family budget. Over the past thirty years, households who have a working woman have seen real gains in household income but during the 2001 recession, women were hit harder by joblessness than male workers. After the downturn of 2001, women were able to get back to their jobs but did not go through any rise in their employment rates.

Women are said to be hit to a larger extent in the 2008 economic downturn since they are disproportionately represented in national and state departments. Between March 2001 and August 2004 in The U.S., women lost work in an assortment of important industries, losing 347,000 positions in I.T. alone and 367,000 in the retail sector. The out of work rate among adult women employees increases quicker in comparison to male employees, from 3.8 percent in March 2007, it rose to 4.6 percent in March 2008. There is also a significant consequence on a woman’s pay as it is not as stable as a man’s. The state of affairs is culturally embedded, and based on gender analysis of outcomes, that women’s earnings just fill in the difference of men’s wages in terms of providing for the household. Therefore because a women’s wage not being a primary generator of income, is more in peril of deduction.

This situation is just as bad in developing nations and women suffer with poverty instigated by economic slowdown combined with a lack of work opportunities, many women are forced into prostitution and that of white slavery. When economic downturn hit the region of Asia in mid 1997, women were the worst hit by the problem. owing to the recession, numerous of staff were turned away from their work, with women, still carrying the weight of providing for their families but given no other options. Southeast Asian nations were profoundly impacted by the financial problems and were left with social marks so whenever an economic slowdown or crisis similar to this happens, women and children bear the scars.