Black Americans’ employment gains at risk as Fed tightens rates
Written by Black Hot Fire Network on January 2, 2023
Black workers led the US return to work after the Covid crisis, but economists warn that their gains will reverse as the Federal Reserve attempts to cool the economy down with aggressive interest rate increases.
Earlier this year, rising wages and a shortage of workers pulled black workers into the labour market at record levels. Black Americans worked and looked for jobs at higher rates than white Americans in May for the first time since 1972, according to labour department data . . .
