US Black employment falls despite wider job market stability
Written by Black Hot Fire Network on July 9, 2023
The US Black unemployment rate hit a 10-month high in June, driven in large part by Black workers leaving the labour market, a development some economists worry may be a "canary in the coal mine" that may mean a recession is approaching.
The Labor Department's closely watched monthly employment report released Friday showed the US economy added the fewest jobs in 2-1/2 years in June - but this softening did not affect all demographic groups uniformly.
The Black unemployment rate rose to 6.0 per cent last month, the highest since last . . .
