A historically strong job market gained momentum in July as the economy added 528,000 jobs, bringing the U.S. above pre-pandemic levels. However, the unemployment rate among Black Americans rose slightly, rising back up to 6%.
A historically strong job market gained momentum in July as the economy added 528,000 jobs, bringing the U.S. above pre-pandemic levels.But those gains were not spread equally across the economy.Unemployment among Black Americans sits at a seasonally-adjusted 6 percent, significantly higher than the rate for other races.
The rise in Black unemployment in July was driven by Black men whose increase in unemployment was accompanied by an decrease in participation . Usual volatile data disclaimers apply. pic.twitter.com/RTB7n2sKhL — Elise Gould August 5, 2022 "We know we need to create strategies that are targeted to communities," said Michelle Wilson, the director of evaluation and learning with the National Fund for Workforce Solutions.
"Folks are tracked into low paying jobs," Wilson said."If you take something like child care versus IT, they are very different fields. One comes with job security. The other does not." Recent data shows less than a quarter of Black workers are in"good jobs," which pay above the median wage and are not prone to outsourcing.Wilson's team partners with nonprofits at the community level to help provide resources for workers and businesses. They are working with organizations in more than half of the country."We have a lot of folks in the private sector who really want to dig in," Wilson said.
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