Between April and October 2023, the share of women in low-paying formal employment inched up to a seven-year high of 20.8%, showing a promising trend in their economic participation. This percentage is notably higher than the 19.1% recorded in the previous year, indicating progress in gender diversity in the workforce. However, despite this positive development, there is a concerning decline in the enrolment of women in high-paying formal jobs, which demands attention and remedial actions to further gender equality in the job market.

While the increase in women’s labor force participation is a positive sign, indicating a more inclusive workforce, it is crucial to ensure that women have access to higher-paying opportunities. The decline in high-paying formal jobs for women is worrisome, as it suggests a potential gender pay gap and limited upward mobility.

Additionally, the report highlights a notable decrease in the unemployment rates for urban women, falling below 9%. This decline is indicative of a recovering job market and improved employment prospects for women in urban areas. However, it is essential to continue creating an enabling environment that fosters employment opportunities and supports women’s economic empowerment.

Overall, while the increase in low-paying formal employment for women is a positive development, it is imperative to address the decline in high-paying job opportunities. Closing the gender pay gap and improving women’s access to quality, well-compensated employment should remain a priority. Additionally, efforts should focus on providing skill-building programs and promoting gender-inclusive policies to support women’s advancement in the workforce.

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