It's time now for today explained, this is where
we break down some of the biggest stories in the
news, how we got here and where we go
next. New data shows for four straight months.
Now women gain more jobs than men. And that
includes in January when we had a hiring surge in
the U S, but they're still not getting paid
as much as men and that has huge economic consequences
. Right now. Women in the US hold more
than 49.8% of all non farm jobs. But overall
they're paid about 84 cents for every dollar a man
gets. The gender gap is even more dramatic around
the world. One recent Moody's analytics report shows that
the world economy could get a$7 trillion boost by
closing the global gender pay gap. Part of this
analysis focuses on how the talent of women and girls
is undervalued. Moody's analysis zeroed in on O E
C D countries, countries like Spain, the U
S, Colombia, the U K and Korea and
its authors say on average women make a higher upfront
investment in education, but they tend to land in
lower level and lower paid positions. This report goes
on to point out how more women in O E
C D countries have master's degrees or the equivalent compared
to men but are underrepresented in middle and senior management
roles. They call this the under skilling of women
because those degrees, to be honest, they just
get you in the door on the job experiences is
what gets you promoted. The main idea behind this
boost is that as more women join the labor force
and get jobs and pay commencement with their experience,
they'll make them richer, they'll grow the economy,
equal pay helps us on.