More parents leave jobs to care for children
As the pandemic drags on, child care is not getting any easier for working parents, and more and more are hitting their limits and leaving their jobs, per a new report from the think tank Third Way, provided exclusively to Axios.
The big picture: Lack of child care is now the third-most cited reason for not working, behind layoffs and furloughs. At the very beginning of the pandemic, it was No. 5.
What's happening: Prices at child care centers have gone up nearly 50% since the onset of the pandemic due to increased sanitization and staffing costs, making them unaffordable for many Americans.
- And the 56% of Americans who rely on relatives or grandparents to take care of their kids can no longer do so because it's unsafe.
- So more and more parents — especially mothers — are dropping out of the labor force for their children.
Superstar cities are seeing big increases in labor market dropouts related to child care, Third Way found.
- Since late April, New York has had 240,000 such cases; San Francisco, 50,000; Houston, 110,000.
Worth noting: The pandemic is hurting child care providers, too. 1 in 5 jobs in the child care industry — which disproportionately employs women of color — are now gone.
The bottom line: "The crumbling child care industry is increasingly holding back economic recovery across the country," writes Jillian McGrath, an economic policy adviser at Third Way.