Federal Reserve Bank of Chicago’s Post

Almost a quarter of a million mothers have left the workforce because they can’t make working work with childcare. Is your organisation bucking the trend? Are you going the extra mile to support mothers to stay in work and build careers? Why not enter the Best for Mothers category in the #WFBestPracticeAwards? Show others that you’re part of the change, and that supporting mothers is good for business. https://loom.ly/J2-B0UY

Statistically, mothers still predominantly shoulder the role of primary caregivers for children compared to fathers. Because of this, it's unsurprising that mothers of school-aged children had to step away from their workplaces amid the pandemic to ensure proper care for their children. Unfortunately, affordable childcare has also persisted, making it harder for these mothers to transition back to employment. To learn more about how the pandemic affected working mothers’ employment, check out “Mothers’ Employment Two Years Later: An Assessment of Employment Loss and Recovery During the COVID-19 Pandemic” from the Women’s Bureau, U.S. Department of Labor https://lnkd.in/gSUwJBC3 #WorkingParent #MLW #JNIWL #PositiveLeadHERship #workingmom #momlife #statistic #covid19 #employment #childcare

To address childcare challenges in Northeast Wisconsin, partners are coming together to mobilize the region toward developing solutions, writes Karen Cuenca in her recent Chicago Fed Insights article. Learn more about how access to #childcare impacts the #economy: https://bit.ly/4cMn1zW

As access to #childcare is intricately tied to socioeconomic and geographic factors, it is important to note the disparities in access to childcare. Current data show that 60.2% of American Indians/Alaskan Natives (AI/AN) and 57.3% of Latino/Hispanic families live in childcare deserts--disproportionately higher rates than the general population rate of 50.5%. Learn more from our #ChildcareAccess: An Important Link to #maternalmentalhealth Fact Sheet: https://lnkd.in/gC3zUGE2

In the framework of #iwd2024 I look forward to attend the Financial Times lunch & learn event today. The topic of #childcare is particularly relevant for Jannie Aasted Skov-Hansen and my work on #dualcareer couples at here we are global. #genderbalance #worklifebalance #diversityandinclusion #womenleaders

The childcare industry is ripe for innovation. The hybrid, flexible work model should help support more women to return to the workforce following the birth of their child, but only if there are childcare options that allow them to do both - stay close to their child, which helps aid the continuation of breastfeeding, and be productive and pursue their career. Imagine the impact on the economy - A workforce inclusive of mothers returning to work creates a positive economic ripple effect. Increased disposable income, higher consumer spending, and a more skilled workforce collectively contribute to sustained economic growth. #womeninbusiness #motherhoodpenalty #childcare #innovation #australianbusiness BubbaDesk

Child care costs more than rent in every state in the United States. (Tell us where you live and what you pay) Find that shocking? Me too. Let’s look at the math. - The average American family has 2 kids - average #childcare costs at $958 month - childcare x 2 = $1917 - Average rent is $1,517 per apartments.com Where rent is more expensive, so is childcare. This is making it untenable for dual income families and causing an increasing strain on women in the workforce. Families are fleeing high rent/high childcare cities and states as well. So share where you live and what you pay below, even if it’s international, will be interesting for us to see.

Our Child Care system isn’t working! Early Matters NEO released a childcare impact report at the end of last month that is helping raise visibility and calibrating the scale of this important workforce issue. 📑 Be sure to check out the full report, “Driving Growth: The Economic Value of Child Care in Cleveland and Cuyahoga County," and read the joint introduction letter from the Mayor and County Executive. 🔗 Read the report: https://lnkd.in/eWas96rP And share with your network to boost visibility on this important issue! ↗️ #CollaborateCleveland #CollabCLE #CollaborateCLE #WeAreCLE #Collaborators #ChildCare #ImpactReport #EarlyMattersNEO

Research suggests a higher prevalence of great-grandparents in the future, but their frailty raises concerns about their ability to provide support, highlighting the need for more investment in childcare and old-age care to alleviate the challenges with fewer kinship resources. Read more in HuffPost: https://ow.ly/QCNW50Qv0q6 Read the full article in PNAS: https://ow.ly/WtYK50Qv0q8

We really want to hear from working mums about their experiences of economic and other changes. Your input is invaluable. Enter the survey here: https://lnkd.in/eSjMiepQ #workingmums #haveyoursay #workingparents #costoflivingcrisis #jobseekers #flexibleworking #diversityandinclusion #childcare #mentalhealth