Trading Concept
  • Home
  • Trading News
  • Email Whitelisting
  • Privacy Policy
  • Home
  • Trading News
  • Email Whitelisting
  • Privacy Policy
No Result
View All Result
Trading Concept
No Result
View All Result
Home Trading News

These charts show how October jobs gains left behind women and Black workers

by
November 5, 2021
in Trading News
0
0
SHARES
0
VIEWS
Share on FacebookShare on Twitter

RELATED POSTS

‘God bless Elon Musk’: Top Republican lauds Twitter owner ahead of key hearing

Adani abandons $2.5 billion share sale in big blow to Indian tycoon

A woman seeking employment attends the 25th annual Central Florida Employment Council Job Fair at the Central Florida Fairgrounds.

Paul Hennessy | LightRocket | Getty Images

The unemployment picture improved for Americans overall in October, but not for women and Black workers.

While the total unemployment rate eased from 4.8% to 4.6% last month, it rose for women and held steady for Black Americans, the Labor Department reported Friday.

The October jobs report highlights the persistent disparity in labor recovery for women and Black Americans.

“The pandemic recession disproportionately impacted certain groups,” said Elise Gould, senior economist at the Economic Policy Institute. “The recovery has yet to reach some of those groups that were hardest hit.”

For adult male workers overall, the unemployment rate dipped from 4.7% to 4.3% in October, while the unemployment rate for adult women rose 0.2 percentage points to 4.4%.

Throughout the pandemic, “many women workers were hurt because of the types of jobs they have and because of their increased caretaking responsibilities for children and other family members,” Gould said.

Job gains roared back in nearly every sector in October with U.S. payrolls rising by 531,000. But in the government sector, jobs fell by 73,000.

“Government employment is a sector that women are disproportionately represented in, so any contraction in terms of the government sector hits women and particularly women of color pretty hard,” said Michelle Holder, president of the Washington Center for Equitable Growth and a labor economist at John Jay College.

For Black workers overall in October, the unemployment rate held steady at 7.9% — the highest of any racial or ethnic category tracked by the Labor Department.

The unemployment rate for Black men increased from 8.0% to 8.3% in October while the labor force participation rate also rose half a percentage point.

But for Black women, the unemployment rate fell from 7.3% to 7% as the labor force participation rate also shrunk by 0.3 percentage points.

“The rise in the unemployment rate for Black men is likely due to more people coming back in the labor force in search of a job. …Black women saw a decline in their unemployment rate between September and October, but unfortunately, this wasn’t because they saw employment gains,” Gould said.

The unemployment rate for Hispanic workers eased from 6.3% to 5.9% in October, while the rate remained unchanged at 4.2% for Asian workers.

The change in employment compared with pre-pandemic levels in February 2020 shows women of every racial and ethnic group tracked by the Labor Department lag behind the total U.S. recovery.

Black women are the furthest behind in returning to pre-pandemic employment levels, lagging by 5.3%.

“What we’re seeing is that the economy is recovering for a lot of groups, but the recovery is stalling for women, particularly women of color,” Holder said.

ShareTweetPin

Related Posts

‘God bless Elon Musk’: Top Republican lauds Twitter owner ahead of key hearing

by
February 1, 2023
0

U.S. Rep. James Comer (R-KY), Chairman of the House Oversight and Accountability Committee, speaks at a media event at the...

Adani abandons $2.5 billion share sale in big blow to Indian tycoon

by
February 1, 2023
0

In this article ADANIENT-IN Follow your favorite stocksCREATE FREE ACCOUNT Gautam Adani, billionaire and chairman of Adani Group, during an...

Morgan Stanley analyst says these ‘undervalued’ bank stocks could rise 24%

by
February 1, 2023
0

The top picks of Morgan Stanley bank analyst Betsy Graseck are looking undervalued as the market rallies, she said Wednesday...

Here’s what the Federal Reserve’s 25 basis point interest rate hike means for your money

by
February 1, 2023
0

The Federal Reserve raised the target federal funds rate for the eighth time in a row on Wednesday, in its...

Samsung launches new Galaxy S23 smartphone lineup with improved camera, gaming capabilities

by
February 1, 2023
0

In this article SMSD-GB Follow your favorite stocksCREATE FREE ACCOUNT Samsung announced its flagship Galaxy S23 smartphone lineup on Wednesday....

Next Post

Is Skillz Stock a Buy Following Soft Q3 Earnings? Analyst Weighs In

Pfizer Stock Is Soaring Because Its Covid Antiviral Appears to Work Really, Really Well

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

email

Get the daily email about stock.

Please Enter Your Email Address:



By opting in you agree to our Privacy Policy. You also agree to receive emails from us and our affiliates. Remember that you can opt-out any time, we hate spam too!

MOST VIEWED

  • WHO says Covid vaccine booster programs will prolong pandemic

    0 shares
    Share 0 Tweet 0
  • Forget Tesla — this auto stock is the one to buy right now, analyst says

    0 shares
    Share 0 Tweet 0
  • Spin or Split? AT&T Has a Big Decision to Make on Discovery Stake.

    0 shares
    Share 0 Tweet 0
  • Here’s how Carl Icahn is positioning for a possible recession in America

    0 shares
    Share 0 Tweet 0
  • Some lawmakers and their families are betting thousands of dollars on crypto

    0 shares
    Share 0 Tweet 0
  • Home
  • Trading News
  • Email Whitelisting
  • Privacy Policy
All rights reserved by tradingconcept.net
No Result
View All Result
  • Email Whitelisting
  • Home
  • Privacy Policy

All rights reserved by www.tradingconcept.net