Paula Klempay, director of MBA career management in the Eller College of Management at the University of Arizona, was quoted in an October 2 article in Chamber Business News on how a tight labor market reduces gender and race employment gaps.
The article notes how tight job markets have historically been a “major boon” for the U.S. economy, though that also results in challenges for companies looking to hire. For the last three months, the U.S. unemployment rate has been a low, steady 3.7 percent. The current tight labor market is creating new employment opportunities for women, whose current labor participation rate in the workforce is 12.7 percentage points lower than men.
“[W]hat they’re saying about this tight labor market is that women have increasingly more college degrees, and that’s going to have an impact,” says Klempay in the article. “In the MBA world, the amount … and type of experience you have is profoundly influential.” With more education, more opportunities for women in the workforce arise.
Klempay joined the Eller College in 2019 after serving as the director of MBA career management in the Foster School of Business at the University of Washington, where she led the MBA program to achieve top-tier employment rankings. With expertise in leadership and professional development, she is passionate about helping employers find great talent, and loves working with students to help them launch their post-MBA careers.