Subscribe to Updates

    Get the latest creative news from FooBar about art, design and business.

    What's Hot

    NBA postpones Wizards vs. Pistons game due to weather-related travel issues, reports say

    February 1, 2023

    Who is Emily Attack dating?

    February 1, 2023

    Quadient Launches iX-1 Postage Meter in US for Small Business and Home Offices

    February 1, 2023
    Facebook Twitter Instagram
    Trending
    • NBA postpones Wizards vs. Pistons game due to weather-related travel issues, reports say
    • Who is Emily Attack dating?
    • Quadient Launches iX-1 Postage Meter in US for Small Business and Home Offices
    • Queen Camilla – Subtle lifestyle change in new role – Did you spot it?
    • 2023 National Signing Date Tracker: Jayden Rashada Chooses Arizona
    • Tech Titan Tarkan Maner Joins IGEL Board
    • How are risk assets and the USD shaping up ahead of the FOMC?
    • ED Calls on Organizations to Make Commitments to School Infrastructure and Sustainability
    Facebook Twitter Instagram
    robinandjasonparker.comrobinandjasonparker.com
    Demo
    • Home
    • Business

      Quadient Launches iX-1 Postage Meter in US for Small Business and Home Offices

      February 1, 2023

      Exclusive: No dealings with US licensed companies, service does not involve military use: Chinese satellite company

      January 29, 2023

      Contemporary Womenswear Brand Rosso35 Gains More Momentum in the U.S. – WWD

      January 26, 2023

      Survey Shows More U.S. Companies Are Preparing for Job Cuts Amid Likely Recession

      January 23, 2023

      Stock Market | Stock Market FinancialContent Business Page

      January 14, 2023
    • Education

      ED Calls on Organizations to Make Commitments to School Infrastructure and Sustainability

      February 1, 2023

      SAT and ACT aren’t as important as you think

      January 29, 2023

      “The American Dream Is Alive and Well Here in Montana”

      January 26, 2023

      USM alumni continue striving to become Superintendents in Mississippi’s top school districts

      January 23, 2023

      Constitutional Amendment Abolishes State Boards of Education

      January 13, 2023
    • Entertainment

      Who is Emily Attack dating?

      February 1, 2023

      Carmen Electra poses in metallic bikini for sexy throwback photo: IG – SheKnows

      January 29, 2023

      Warner Music Group Releases 2022 Annual ESG Report

      January 26, 2023

      New Holiday Favorite, Whipshots™ Will Ship Over 60,000 Cases In Q4 2022

      January 23, 2023

      Who is Miss Mexico 2022 Irma Miranda?

      January 14, 2023
    • Fashion

      Resale-only Archive Secures $15 Million | Fashion and Retail News

      December 6, 2022

      Good Fashion Fund’s US$4.5 million investment has economic, environmental and social impact

      December 6, 2022

      Closet Cycle Launches Peer-to-Peer Fashion Rental Platform in US

      December 6, 2022

      Osebo The Zara Man: Five Times Wealthier Fashion Entrepreneur Gives Us Timeless Fashion Sense

      December 6, 2022

      Shop Gigi Hadid’s outfit for the latest installment of Vogue’s 7 Days 7

      December 6, 2022
    • Health

      Medical student mentor Jack Yates high school student

      November 26, 2022

      COVID has infected 94% of people and herd immunity is higher than it was a year ago

      November 26, 2022

      COVID has infected 94% of people and herd immunity is higher than it was a year ago

      November 26, 2022

      Thanks to strokes and health crises?Another Thanksgiving Weekend Column – Terry Pluto’s Faith and You

      November 26, 2022

      US FDA, Health Canada and UK MHRA jointly identify 10 guiding principles to help develop good machine learning practices (GMLP)

      November 25, 2022
    • How to

      How are risk assets and the USD shaping up ahead of the FOMC?

      February 1, 2023

      Protesters Across US Condemn Police Brutality After Tyre Nichols Death

      January 29, 2023

      $18 A Dozen: How Did America’s Eggs Become So Expensive? | | US News

      January 26, 2023

      Anna Walshe’s mother asks Massachusetts police for ‘official information’ on daughter’s disappearance

      January 23, 2023

      Harvard teaches medical students how to deal with ‘LGBT toddlers’

      January 13, 2023
    • Life Style

      Queen Camilla – Subtle lifestyle change in new role – Did you spot it?

      February 1, 2023

      Is the fall getting out of control?Many consumers say yes

      January 29, 2023

      Ultimately, maintaining your zest for life and having hope is associated with better health.Method is as follows

      January 26, 2023

      The Westbury Museum, a luxury fashion lifestyle brand, highlights collections of art, furniture and fragrance.

      January 23, 2023

      American Contender Tournament 2023

      January 13, 2023
    • Sports

      2023 National Signing Date Tracker: Jayden Rashada Chooses Arizona

      February 1, 2023

      Purdue vs Michigan State Live Stream, Watch Online, TV Channels, Predict, Picks, Spreads & Odds

      January 29, 2023

      ‘DoorDash Driver’ is an apparent social media stunt that steps onto the court during a Duquesne vs. Loyola Chicago game

      January 26, 2023

      German captain sport rainbow armband at world cup

      January 23, 2023

      Sports Digest: Jeri Leung scores two goals as Mariners beat Norfolk 3-2

      January 14, 2023
    • Tech

      Tech Titan Tarkan Maner Joins IGEL Board

      February 1, 2023

      How Process Mining Women Are Powering AI and Hyper-Automation

      January 29, 2023

      Health Tech: People Power

      January 26, 2023

      Apple to increase lobbying spending in 2022 to outperform peers

      January 23, 2023

      wipro: Tech services industry overall outlook remains strong: Wipro CEO Thierry Delaporte

      January 14, 2023
    • Travel

      NBA postpones Wizards vs. Pistons game due to weather-related travel issues, reports say

      February 1, 2023

      Movies that make you want to travel the world

      January 29, 2023

      X-Border Travel Increases Mastercard Spend

      January 26, 2023

      Are these tickets worthless now that the hurricane is approaching?

      January 23, 2023

      The ups and downs of travel in 2022

      January 14, 2023
    • World News

      Missing Radioactive Capsule Found In Outback Australia After Extensive Search World News

      February 1, 2023

      Live Stream: ICC Women’s Under-19 T20 World Cup Final | Cricket News

      January 29, 2023

      World’s oldest person Maria Branyas Morella recommends staying away from ‘toxic people’.world news

      January 26, 2023

      Biden Names Jeff Zientz as Next Chief of Staff | World News

      January 23, 2023

      Ukraine War Diaries: Using Comedy to Deal with War | World News

      January 14, 2023
    robinandjasonparker.comrobinandjasonparker.com
    Home»Fashion»August jobs report shows black workers’ participation rate is declining
    Fashion

    August jobs report shows black workers’ participation rate is declining

    admin4By admin4September 2, 2022No Comments
    Facebook Twitter Pinterest LinkedIn WhatsApp Reddit Tumblr Email
    Share
    Facebook Twitter LinkedIn Pinterest Email


    Commuters arrive at Grand Central Station during the morning rush hour in New York on November 18, 2021.

    Gina Moon | Bloomberg | Bloomberg | Getty Images

    The Jobs report for August showed that the overall US unemployment rate is rising. Black workers, on the other hand, marked the only demographic where labor force participation declined.

    Data released by the US Bureau of Labor Statistics on Friday showed the unemployment rate rose 0.2 percentage points to 3.7% in August. The non-farm payroll was 315,000, matching the estimate of 318,000.

    Related investment news

    August jobs report shows 'soft landing' by Fed still possible

    CNBC Pro
    August jobs report shows ‘soft landing’ by Fed still possible

    While unemployment rates rose slightly across all demographic groups, unemployment rates for Hispanic and Black workers surged to 4.5% and 6.4%, respectively, from 3.9% and 6% in July.

    However, black workers were the only group whose labor force participation rate declined, as did the group’s employment share, which measures what percentage of the population has a job.

    “Although there is some volatility in these figures, the downward trend in employment and participation is concerning,” said Elise Gould, senior economist at the Economic Policy Institute.

    The black labor force participation rate fell to 61.8% in August from 62% in July, and the employment-to-population rate fell to 57.9% from 58.3%.

    AFL-CIO chief economist William Spriggs said looking at black workers is one way to assess and understand what’s really going on among employers.

    Black workers generally face more discrimination than many other groups. A potential slowdown in hiring, as evidenced by her ADP private payroll data this week, could also contribute to these results.

    “When companies lower their hiring rates, it hits black workers quickly because they are the ones who stand the longest in line to find jobs,” Spriggs said. “What happened was that the queues just got longer, and the impact of disheartened workers is more acute for black workers.

    While it’s too early to pinpoint a specific cause for the decline in black labor force participation, Gould said the continued downward trend in recent months represents something other than a “statistical anomaly.” said that there is a possibility that

    That said, the Federal Reserve’s campaign of skyrocketing interest rates to curb skyrocketing prices tends to be seen among historically disadvantaged groups such as black workers. It could be doing more damage to the labor market.

    “Black workers are starting to bear the brunt of it in many ways,” said Michelle Holder, a distinguished senior fellow at the Washington Center for Equitable Growth. , I almost believe this will be the pattern over the next few months, especially if the Fed continues to aggressively implement that approach.”

    Like others, Holder agrees that it’s premature to attribute declining black labor force participation, but he cautions against rising unemployment among black women workers. aroused.

    The unemployment rate for this group rose to 5.9% from 5.3% in July. In contrast, the unemployment rate for white female workers rose from her 2.6% to 2.8%.

    The unemployment rate for Hispanic female workers also rose sharply, rising to 4.3% from 3.2% in July.

    Unemployment rose rapidly among Hispanic workers compared to white workers and the job market as a whole, but the group’s labor force participation rate and employment trends appear to mimic the broader market. looks like

    “This rise in unemployment rate points to a significant increase in participation and the consequent uptake in employment,” she said. “I think this is a hopeful sign.

    —CNBC’s Gabriel Cortes contributed to this report.



    Source link

    Share. Facebook Twitter Pinterest LinkedIn Tumblr Telegram Email
    admin4
    • Website

    Related Posts

    Resale-only Archive Secures $15 Million | Fashion and Retail News

    December 6, 2022

    Good Fashion Fund’s US$4.5 million investment has economic, environmental and social impact

    December 6, 2022

    Closet Cycle Launches Peer-to-Peer Fashion Rental Platform in US

    December 6, 2022

    Leave A Reply Cancel Reply

    Demo
    Top Posts

    NBA postpones Wizards vs. Pistons game due to weather-related travel issues, reports say

    February 1, 2023

    Covid Vaccines Not Linked to Deaths, Major US Study Finds

    January 5, 2020

    U.S. Senate passes $1.5 trillion gov’t funding bill with Ukraine

    January 6, 2020

    France’s Largest Business Summit to Conclude

    January 7, 2020
    Don't Miss
    Travel

    NBA postpones Wizards vs. Pistons game due to weather-related travel issues, reports say

    By admin4February 1, 2023

    Getty Images Wednesday night’s game between the Detroit Pistons and the Washington Wizards in Detroit…

    Who is Emily Attack dating?

    February 1, 2023

    Quadient Launches iX-1 Postage Meter in US for Small Business and Home Offices

    February 1, 2023

    Queen Camilla – Subtle lifestyle change in new role – Did you spot it?

    February 1, 2023
    Stay In Touch
    • Facebook
    • Twitter
    • Pinterest
    • Instagram
    • YouTube
    • Vimeo

    Subscribe to Updates

    Get the latest creative news from SmartMag about art & design.

    Demo
    About Us
    About Us

    This website provides news about Travel, Tech, and many more. It is regularly updated and gives us trending news all over the World.
    We're accepting new partnerships right now.

    Email Us: info@example.com
    Contact: +1-320-0123-451

    Facebook Twitter Pinterest YouTube WhatsApp
    Our Picks

    NBA postpones Wizards vs. Pistons game due to weather-related travel issues, reports say

    February 1, 2023

    Who is Emily Attack dating?

    February 1, 2023

    Quadient Launches iX-1 Postage Meter in US for Small Business and Home Offices

    February 1, 2023
    Most Popular

    NBA postpones Wizards vs. Pistons game due to weather-related travel issues, reports say

    February 1, 2023

    Covid Vaccines Not Linked to Deaths, Major US Study Finds

    January 5, 2020

    U.S. Senate passes $1.5 trillion gov’t funding bill with Ukraine

    January 6, 2020
    © 2023 ThemeSphere. Designed by ThemeSphere.
    • Home
    • About us
    • DMC
    • Contact us
    • Privacy Policy

    Type above and press Enter to search. Press Esc to cancel.