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Girl Power Why women in business have suffered fewer casualties than men

By Jennifer Wang

Opinions expressed by Entrepreneur contributors are their own.

For dudes, the downturn has been nothing but bad news. For the first time in economic history, the male unemployment rate surpassed the female unemployment rate--and it just kept getting worse. By December, 10.2 percent of men were out of work, versus 8.2 percent of women, During the worst of the job losses, male workers were handed 82 percent of the pink slips.

But while the world's been busy boohooing the "mancession," it's just starting to look at the other half of the story. And the news is good.

First, women are on the brink of becoming the majority of the workforce--and they start businesses at twice the rate of their male counterparts. In fact, the Center for Women's Business Research puts the current economic impact of women-owned firms at $3 trillion and reports they employ 16 percent of all U.S. workers--a number that's certain to rise when the economy rebounds.

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