This Day On The Street
Continue to site
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

Work Multiple Jobs? You're Probably a Woman

NEW YORK (TheStreet) -- Sparks flew last week as Barack Obama and Mitt Romney plunged into general-election mode tangling over women voters.

Romney has said the president's failed economic policies have waged a real war on women, while Obama's campaign has slammed the former Massachusetts governor's camp for refusing to say whether he would have signed the Lilly Ledbetter Act for equal pay .

"[R]Raising questions about why he feels the need to parse his words on a law that is so fundamental to the economic security not only of women, but also their families," Obama's campaign wrote about Romney in a Tuesday statement.

Women's status in the United States' economy has shifted, in many instances, intensely since Ronald Reagan's first term in 1981.

Maybe most strikingly, if you're a woman in the United States, it's now more likely that you will hold more jobs than your male colleagues to earn an income.

Since 1994, when the Bureau of Labor Statistics (BLS) first recorded the data, the number of women working multiple jobs has increased 9.1% to 3.6 million, up from 3.3 million. Men holding two jobs has fallen to 3.3 million, down 15.4% from 3.9 million. This means that nearly 52% of women account for all multi-job holders.

12 Highest-Rated Consumer Stocks Picked by S&P >>

Though the Romney campaign said last week in a press statement that unemployment had risen 1.1 percentage points since January 2009 -- or the month Obama took office -- the unemployment rate for March was unchanged for women when compared against the BLS's year-2009 average rate of 8.1%.

Since 1987 (the oldest recorded data), the number of women who earn more than their husbands has jumped to 9.3 million, up from 5.3 million, or 75.5%. And wives in the United States who earned the only household income rose to 13.9 million, from 7.6 million, up 83%.

Women have seen a 205.5% surge in average weekly wages since Reagan's first year as president, but they still make 11.7% less per week than the national average of $747 (women make $669). The gap has closed, though, as women in 1981 made nearly 30% less than the national weekly wage average.

It's interesting to note that United States' average weekly wages and salaries rose about $42 during each president's -- Reagan, George H.W. Bush, Bill Clinton and George W. Bush -- first term. Among those four presidents, women's weekly earnings grew the most during the 43rd president Bush's first term and increased the least under Clinton's first term.

Between Obama's first year and second year as president, weekly wages rose $12 for women, which was slightly below the $15.33 average incremental rise in the first terms of the previously mentioned presidents.

10 Stocks That Could Rise in Market Decline >>

Women have outpaced men in full-time employment gains. Since 1981, the number of fully employed women grew 54%, while men had a 22% improvement.

Wives' earnings now account for 37.1% of family income in the United States. During Reagan's first year, wives' earnings made up 27.3% of family income.

The competition to win women voters will likely continue through November, but as to whether women are worse off or in a better position since Obama took office, well, we'll leave that up to you do decide.

-- Written by Joe Deaux in New York.

>Contact by Email.

>Follow Joe Deaux on Twitter. Subscribe on Facebook.

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Real Money

More than 30 investing pros with skin in the game give you actionable insight and investment ideas.

Product Features:
  • Access to Jim Cramer's daily blog
  • Intraday commentary and news
  • Real-time trading forums
Only $49.95
14-Days Free
14-Days Free
AAPL $93.24 -0.41%
FB $117.81 -0.21%
GOOG $701.43 0.82%
TSLA $211.53 -4.96%
YHOO $36.94 2.61%


Chart of I:DJI
DOW 17,660.71 +9.45 0.05%
S&P 500 2,050.63 -0.49 -0.02%
NASDAQ 4,717.0940 -8.5450 -0.18%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs