The women go shopping. They are disappearing from the ranks of US finance workers, despite a decrease in sexual discrimination charges and a rash of new corporate programs to attract and retain them. Meanwhile, the number of men in the business has surged.
In the past 10 years, 141,000 women, 2.6% of female workers in finance, disappeared from the industry, while the ranks of men in the industry grew by 389,000, or 9.6%, according to a review of data provided by the US Federal Bureau of Labor Statistics.
The discrepancy is particularly pronounced at brokerages, investment banks and asset management companies. The shift in gender ratio contradicts changes in the overall workforce. In the wider US labour market, the number of women has grown by 4.1% in the past decade, compared with a 0.5% increase in male workers.
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