![]() ![]() So, you know, when you look at the unemployment, we want to keep an eye on that for those reasons about the Fed that I just talked, but when you look at a lot of other data on what is happening with Black workers in the labor market in this really remarkable recovery, it is actually looking pretty good. MARTIN: More broadly, has the post-pandemic jobs recovery been different for Black workers than for other workers?īAHN: It has been. So I think that's really what we want to keep our eye on. And so that means, plainly put, that when the Federal Reserve keeps raising interest rates, that will disproportionately hurt Black workers. And when the Federal Reserve takes actions like that, it does tend to disproportionately impact workers who face more barriers to opportunity, who are more marginalized. But what could be driving that? Let's - assuming, just for the sake of argument, that this is something that we need to keep an eye on, what could be driving it?īAHN: Well, a key thing to keep in mind - in particular, you know, we know the Federal Reserve has been raising interest rates to try to address inflation. I don't want to say that doesn't mean 6% isn't troubling, but it still seems to be noise. So what this might suggest, really, is that we had some noise in the positive direction about three months ago and some noise in the negative direction the past two months, but it's still ultimately just noisy data. When we look at the one-month, the six-month, the nine-month and the 12-month figures, those are not statistically significant in the data. Is it?īAHN: Well, this is the key point because I think it may not be. But first, I just want to be sure that two months of increases is enough to identify a possible trend. MARTIN: I mean, of course, I want to know what could be driving the rise in unemployment among Black workers. She focuses on research about low-wage workers at the Urban Institute. For a closer look at these numbers, we've called Kate Bahn. That marks a second consecutive monthly increase in Black unemployment. ![]() Nationally, unemployment remains at a historically low figure of about 3.5%, but that figure jumps to 6% for Black workers. Unemployment among Black workers is rising. ![]()
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