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Women in energy are far less represented than corporate average

Marisa Fernandez

Clean-suited worker at Pinella DOE plant in 1979 developing and producing neutron generators for nuclear weapons initiation. Photo: Time Life Pictures/Department Of Energy (DOE)/The LIFE Picture Collection via Getty Images

Women have a higher level of underrepresentation in all levels of employment in companies in energy and related industries compared to other sectors.

Where it stands: About one-third of women in oil and gas, utilities and engineering jobs surveyed by consultancy McKinsey say they're usually the only woman in the room.

  • That's often an invitation for systemic challenges and micro-aggressions in the workplace, they found.

By the numbers: The survey found for women in energy, resources, and infrastructure (ER&I) jobs...

  • 38% of women said they needed to provide more evidence of competency compared to 15% of men in their field.
  • 41% of the surveyed women have had their judgement questioned in their area of expertise, compared to 39% of men.
  • 42% of women of color believe they missed out on a promotion because of their race, compared to 3% of white women.

Methodology: McKinsey reviewed 30 companies and survey data from 6,000 respondents in the ER&I sectors.

Go deeper: Women won't see equal pay for another 257 years, report says

Go deeper

Neil Irwin
Updated 12 mins ago - Economy & Business

Janet Yellen co-opts Reaganomics phrase for new Davos speech

Treasury Secretary Janet Yellen at a speech this week. Photo: Alex Wong/Getty Images

The U.S. needs to focus on increasing its productive potential, Treasury Secretary Janet Yellen told world leaders Friday, calling for what she terms "modern supply side economics."

Why it matters: She co-opted a phrase traditionally used by political conservatives to describe low-tax and deregulatory policies — and framed the Biden administration's initiatives as the best path forward to achieve greater national prosperity.

Go deeper (1 min. read)Arrow
Oriana Gonzalez
15 mins ago - Politics & Policy

National Archives releases Trump White House records to Jan. 6 panel

Photo: Chip Somodevilla/Getty Images

The National Archives on Thursday evening released records of former President Trump's White House to the House Jan. 6 Select Committee, the agency said.

Why it matters: The committee now has documents that Trump attempted to keep hidden, arguing that their release would undermine his executive privilege.

Go deeper (1 min. read)Arrow
Neil Irwin
21 mins ago - Economy & Business

Worker shortage unleashes a forever jobs crisis

Illustration: Shoshana Gordon/Axios

Workers are in the driver's seat in the labor market, and that doesn't look likely to change anytime soon. It's also starting to alter the competitive landscape across the business world.

Driving the news: The terms of competition are shifting, especially in labor-intensive industries. The advantage goes to companies that have some distinct advantage in their ability to attract the best workers.

Go deeper (2 min. read)Arrow