Sign up for our daily briefing

Make your busy days simpler with Axios AM/PM. Catch up on what's new and why it matters in just 5 minutes.

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Stay on top of the latest market trends

Subscribe to Axios Markets for the latest market trends and economic insights. Sign up for free.

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Sports news worthy of your time

Binge on the stats and stories that drive the sports world with Axios Sports. Sign up for free.

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Tech news worthy of your time

Get our smart take on technology from the Valley and D.C. with Axios Login. Sign up for free.

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Get the inside stories

Get an insider's guide to the new White House with Axios Sneak Peek. Sign up for free.

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Catch up on coronavirus stories and special reports, curated by Mike Allen everyday

Catch up on coronavirus stories and special reports, curated by Mike Allen everyday

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Want a daily digest of the top Denver news?

Get a daily digest of the most important stories affecting your hometown with Axios Denver

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Want a daily digest of the top Des Moines news?

Get a daily digest of the most important stories affecting your hometown with Axios Des Moines

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Want a daily digest of the top Twin Cities news?

Get a daily digest of the most important stories affecting your hometown with Axios Twin Cities

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Want a daily digest of the top Tampa Bay news?

Get a daily digest of the most important stories affecting your hometown with Axios Tampa Bay

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Want a daily digest of the top Charlotte news?

Get a daily digest of the most important stories affecting your hometown with Axios Charlotte

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!
Reproduced from Pew Research Center; Chart: Axios Visuals

New data from the Pew Research Center shows that parents are being hit especially hard by the coronavirus pandemic, and as far as job losses go, mothers and fathers are faring equally poorly.

Why it matters: Economists have been warning for months that the pandemic could do long-term damage to the economy as people remain unemployed for longer stretches of time.

  • And the decline of women's growth as a share of the labor force reverses what had been a broad-based economic tailwind for the U.S.

What's happening: "[O]ver the first six months of the outbreak, the labor market impact of COVID-19 has similarly affected mothers and fathers, and the wide gulf that exists in the workplace engagement of mothers and fathers persists virtually unchanged," Pew writes.

  • "The share of mothers and fathers who were employed and at work plunged with the onset of the coronavirus outbreak and had recovered only partially through September 2020."
  • "The gender gap in September (22 percentage points) is slightly greater than in February (20 points), but a similar gap was also present in September 2019."

What we're hearing: "If you want to maximize economic growth, you want all working age adults to be engaged with the labor market at their maximum capacity," Misty Heggeness, a visiting scholar at the Minneapolis Fed, tells Axios.

  • "We're cutting ourselves short as a society."

The big picture: "There is no new normal to this. It just keeps getting worse every day," says Alicia Modestino, an economics professor at Northeastern University and a former senior economist at the Boston Fed.

  • "When you look down the barrel of hybrid or remote learning for an entire year, as a working parent you just want to cry."

By the numbers: In addition to the decline of parents who are employed and at work, more parents also are dropping out of the labor force altogether, Pew's data show. That means they're not looking for work.

  • The percentage of mothers not in the labor force jumped to 29.1% in September from 26.4% in September 2019.
  • For fathers, the rate has increased to 7.8% from 6.2%.

The bottom line: The U.S. economy is losing workers, which will ultimately make the country less productive.

  • The share of women employed and at work is the lowest it has been in 35 years.
  • The share of men at work is the lowest it has ever been.

Editor's note: This piece was corrected to show the share of women employed and at work is the lowest it's been for 35 years (not 25 years).

Go deeper

Bryan Walsh, author of Future
Jan 21, 2021 - Health

Fighting COVID-19's effects on gender equality

Illustration: Eniola Odetunde/Axios

Women around the world have borne a disproportionate brunt of the social and economic effects of COVID-19.

Why it matters: Women in the U.S. and around the world already faced an unequal playing field before the pandemic. As countries prepare for the post-COVID-19 world, they need to take special care to ensure the virus doesn't permanently set back the cause of gender equality.

Cuomo barraged by fellow Dems after second harassment accusation

New York Gov. Andrew Cuomo faced a barrage of criticism from fellow Democrats after The New York Times reported that the second former aide in four days had accused him of sexual harassment.

Why it matters: Cuomo had faced a revolt from legislators for his handling of nursing-home deaths from COVID. Now, the scandal is acutely personal, with obviously grave political risk.

2 hours ago - Health

Fauci: Children "very likely" to get COVID vaccine at start of 2022

NIAID Director Anthony Fauci. Photo: Win McNamee/Getty Images)

Children under age 12 will "very likely" be able to get vaccinated for coronavirus at the "earliest the end of the year, and very likely the first quarter of 2022," NIAID Director Anthony Fauci told "Meet the Press" Sunday.

Why it matters: Children generally aren't at risk of serious coronavirus infections, but vaccinating them will be key to protecting the adults around them and, eventually, reaching herd immunity, writes Axios' Caitlin Owens.