Women are projected to account for nearly three-fifths of the labor force entrants between 1990 and 2005 and will comprise 47 percent of the labor force by the year 2005. Only 49 percent were in the labor force, compared with 58 percent of adult women. U.S. Department of Labor, Bureau of Labor Statistics, Handbook of Labor Statistics, August 1989, and Employment and Earnings, January 1993. 8. Women have made substantial progress in obtaining jobs in virtually all managerial and professional specialty occupations. Women are still over represented in low-paying jobs.
Women are less likely than men to be self-employed.
Of the 8.6 million self-employed workers in nonagricultural industries in 1992, 3.0 million were women. A Subchapter S corporation is a special Internal Revenue Service designation for legally incorporated businesses with 35 or fewer shareholders, who, for tax advantages, elect to be taxed as individual shareholders rather than as a corporation. The military has also provided women with a source of employment. Women represented 11.2 percent of the active-duty military as of March 31, 1992. In the November 1992 elections, women broke new ground when four newly elected women gained seats in the Senate and 24 in the House of Representatives.