In one year, women around the world have lost $ 800 billion

The economic crisis caused by the Covid-19 epidemic has hit women much more than men. In twelve months, women across the world have seen their income cut by $ 800 billion, according to Oxfam.

5% of jobs held by women have disappeared in the last twelve months

While women suffer more than men in every economic crisis, this is also true of the current economic crisis. Between March 2020 and March 2021, women around the world saw their income drop to a total of $ 800 billion, calculated the NGO Oxfam. This is more than the equivalent of the GDP of 98 countries.

Since the Covid-19 crisis began, women around the world have lost 64 million jobs. This is 5% of all jobs held by women. Men, on the other hand, lost only 3.9% of their jobs. And again, we are only talking about formal jobs. It should be remembered that in Southeast Asia, sub-Saharan Africa and South America, the majority of women work in the informal sector as market vendors and domestic workers.

In the labor market, women were the first victims of the Covid-19 crisis

Over the past 12 months, women have been more likely than men to see the number of working hours decrease or simply stop working, especially to care for the sick or the elderly. More women than men work in sectors offering low wages, little or no social security, and precarious jobs. Women also represent 70% of workers in the medico-social sector, which often goes hand in hand with low wages and puts them at greater risk of contracting Covid-19.