How it works: The Black unemployment rate has long been higher than the jobless rate overall but the gap narrows when the labor market is strong, as it was in 2019 right before the pandemic and durin… [+2274 chars]
An important warning sign for the economy is flashing - Axios
The Black unemployment rate was 7.5% in August — a rate that would be viewed as catastrophic if it were the overall jobless number.
By:Emily Peck
Source:Axios
Published:
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