Description: This is
a VOA Special English Economics Report.
See text below
Text:
Women are on their way to holding more than half of
all American jobs. The latest government report
shows that their share of nonfarm jobs nearly
reached fifty percent in September.
Not only have more and more women entered the labor
market over the years, but the recession has been
harder on men. In October, the unemployment rate for
men was almost eleven percent, compared to eight
percent for women.
Industries that traditionally use lots of men have
suffered deep cuts. For example, manufacturing and
building lost more jobs in October. But health care
and temporary employment services have had job
growth. Both of those industries employ high
percentages of women.
Thirty years ago, women earned sixty-two cents for
every dollar that men earned. Now, for those who
usually work full time, women earn about eighty
percent of what men earn. And women hold fifty-one
percent of good-paying management and professional
jobs.
Yet a study released in November said men still hold
about nine out of every ten top positions at the
four hundred largest companies in California. The
results have remained largely unchanged in five
years of studies from the University of California,
Davis.
Also, a new research paper in the journal Sex Roles
looks at the experiences of women who are the main
earners in their family. Rebecca Meisenbach at the
University of Missouri in Columbia interviewed
fifteen women. She found they all valued their
independence and many enjoyed having the power of
control, though not all wanted it.
But they also felt pressure, worry and guilt. That
was partly because of cultural expectations that
working women will still take care of the children.
Also, men who are not the main earners may feel
threatened.
The job market continues to suffer the effects of
last year's financial crash. Now, a judgment has
been reached in the first case involving charges of
criminal wrongdoing on Wall Street. The government
lost its case against two managers at Bear Stearns,
the first investment bank to fail last year.
A jury found Ralph Cioffi and Matthew Tannin not
guilty of lying to investors. The hedge funds they
supervised lost their value in two thousand seven.
But jurors said there was no clear evidence that
they meant to mislead investors. The Justice
Department continues to investigate other companies.
And that's the VOA Special English Economics Report.
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personally reviewed this video and found it appropriate for
the news section of English Global Group. This
is a Voice of America video which covers an interesting
topic in Special English. I would appreciate some feedback from both
students and teachers about this video. You can comment in
the window below using any of a number of different services
including Facebook, Yahoo, AOL, and Hotmail.
