From the course: Economics for Everyone: Job Markets and the Economy
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Jobs data and racial disparities
From the course: Economics for Everyone: Job Markets and the Economy
Jobs data and racial disparities
- Not everyone in the labor market experiences the job market the same way and this means that unemployment rates can vary greatly by different groups of individuals. For some, the upside periods of growth are tremendous, but for others, the upsides aren't as big, and for some, the downturns are even worse. Historical US Government data compiled by the Bureau of Labor Statistics show that white unemployment rates have always been lower than the categories of workers who were black or African American, as well as those who were Hispanic or Latino. This graph shows the official government data from the BLS. During the COVID-19 pandemic, shutdown and recession, unemployment rates spiked for all categories of American workers, but they rose more significantly for communities of color. The unemployment rate was also much quicker to decline for white workers compared to black or African American, Hispanic, or Latino and Asian…
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