Watching the employment data for Black workers can give a closer look at the relative strength of the U.S. economy
"Black workers are the canary in the coal mine – are you actually hiring people?" said Bill Spriggs, chief economist at the AFL-CIO.
"Black workers are the canary in the coal mine – are you actually hiring people?" said Bill Spriggs, chief economist at the AFL-CIO. The rates of their employment are also more sensitive to the broader economy and move more when changes occur, Wilson said. Spriggs has been closely watching these figures as any lag in Black workforce participation amid an otherwise strong labor market signals that employers aren't as eager to hire as they say – and that jobs listed as open may not be readily available for workers looking.The data on Black workers reentering the labor force and finding jobs has been relatively stable, said Wilson.
After today's jobs report, the question is whether the Fed will raise rates more aggressively at its next meeting.
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