February Jobs Report: Steady Growth, But Policy Risks Threaten Economic Stability
Dr. Bernard E. Anderson, Ph D
Whitney M. Young Jr. Professor Emeritus, The Wharton School, University of Pennsylvania
Senior Economic Advisor, National Urban League
The U.S. economy added 151,000 jobs in February, reflecting a resilient labor market, though growth has moderated.
Employment among white workers declined several thousand while white unemployment edged up. In comparison, Black employment rose slightly while there was little change in Black unemployment. As a result, the Black/White unemployment gap declined to an unprecedented level of 1.57, down notably from the earlier 2:1 ratio, but still reflective of systemic disparities in the workforce.