In March, the 2024 Women in the Workforce Report was released, looking at the key factors that contribute to the challenges women in the workforce face in the state.
Key Points:
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- Women who work full-time, year-round earn approximately 81 cents per dollar that men earn.
- When considering full and part-time workers, women earn 68 cents per dollar of what men earn.
- For more than half of industries, on average women earn between 50 and 75 cents per dollar of what their male counterparts earn.
- In 2022, 66% of women aged 25 and older held at least some college or an associate degree or higher, while 62% of men did.
- Labor force participation rates for 35 hours per week or more for women are around 50%, while that rate for men is nearly 70%.
- While earning nearly 60% of degrees and certificates, women accounted for just 38.8% of degrees and certificates in STEM.
- Women who have children under the age of five participated in the labor force 20% points lower than men with children under five.
- Michigan ranked 34th in the country for labor force participation rates for women with children under 18.
- The COVID-19 pandemic impacted labor force numbers for men and women, however, declines for women were sustained longer.
To read the full report, please click here.
