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PRIVACY
Economic Development

South West named top º£½ÇÊÓÆµ region for women to work in

The PwC study also found the Covid-19 pandemic exacerbated gender inequalities

(Image: Getty Images/iStockphoto)

The South West has been named the best region of the º£½ÇÊÓÆµ for women to work for a third year in a row.

The annual 'Women in Work Index’, by professional services firm PwC, found the region had the third-lowest female unemployment rate (3.7%) in the country, the second-lowest gap between male and female labour force participation rate (5%) and the highest female labour force participation rate (79%).

The analysis also took into account the gender pay gap, with the South West figure of 16% above the º£½ÇÊÓÆµ average of 15%. The region’s female full-time employment rate of 55% was also below the national average of 61%.

PwC’s report, published on International Women’s Day (Tuesday, March 8), analysed data from 33 countries in the Organisation for Economic Co-operation and Development (OECD).

The organisation said the º£½ÇÊÓÆµ’s position on the index rose from 16th to 9th in 2020, placing it almost 10% above the OECD average in 2020. PwC said this reflected the country’s largest annual improvement in the index’s 10- year history.

Larice Stielow, a senior economist at PwC said this result needed to be treated with “caution”, with the report also concluding the Covid-19 pandemic had set back progress towards gender equality “by at least two years”.

Ms Stielow said: “We must be careful in interpreting this result as a real benefit to women’s employment outcomes. A key driver was a temporary fall in men’s median weekly earnings, likely due to the short term effects of the pandemic on wages and the furlough, skewing down earnings."

She pointed out men’s earnings had since rebounded, with the gender pay gap in the º£½ÇÊÓÆµ widening again by two percentage points, back up to 14%.