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As of December 2021, the Black unemployment rate stood at 7.1%, still well away from pre-pandemic levels. Meanwhile, white Americans enjoy a 3.2% unemployment rate, almost matching the rate pre ...
A youth mentoring organization is helping to combat Black unemployment. Entering 2024, there were 65,000 fewer African American workers. However, […] The post Watch: Increasing Black employment ...
When the peak pandemic period (April 2020 to October 2021) is excluded, Black unemployment averaged 5.86 percent under Biden and 6.65 percent under Trump. Black homeownership averaged 42.2 percent ...
Since coming into office in 2021, the Biden-Harris administration has invested billions toward stimulating the Black economy. The Freedman’s Bank […] The post Biden-Harris Treasury pursues ...
And the share of Black people who were employed in August, known as the employment to population ratio, reached 56.2%, up from 54.7% in January. Black unemployment setback shows Fed's challenges ...
The White House press secretary also highlighted that since taking office in January 2021, the Black unemployment rate dropped from 9.2% to 5.9%. She explained, “2.3 million more Black Americans ...
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Attaining its goal of maximum employment has always been a tall order for the Federal Reserve but broadening the scope of that objective to one that is also "broad and inclusive" has made the task ...