US Black employment falls despite wider job market stability
Written by Black Hot Fire Network on July 8, 2023
NEW YORK, July 8 — 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 Labour Department’s closely watched monthly employment report released yesterday 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.
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The Black unemployment rate rose to . . .
