Job Growth in January Shows Stable, Balanced Growth, But Threat of Tariffs and Mass Deporations Could Upend Economy
Bernard E. Anderson, Ph D
Senior Economic Adviser, National Urban League, and
Whitney M. Young, Jr. Professor emeritus, The Wharton School, University of Pennsylvania
January’s Jobs Report showing 143,000 new jobs shows a strong labor market moving forward in a stable, balanced growing economy.
Employment grew for both Black and White workers, but Black unemployment rose slightly while White unemployment remained little changed. As a result, the Black/White unemployment differential edged up to 1.77, still below the previously persistent 2:1 ratio. Average hourly wages grew 0.5 percent to $ 35.87.