July Jobs Report: Modest Job Growth Narrows Racial Employment Gap
Bernard E. Anderson, PhD
Whitney M. Young Professor Emeritus,
The Wharton School of the University of Pennsylvania
Chief Economic Advisor,
National Urban League
July's modest job creation, coupled with evolving labor market tightness, generated improvement in racial employment opportunities.
Over the past several years during the post-pandemic revival of the economy the Black/White gap in unemployment narrowed to 1.63, much below the previously long-term 2:1 ratio. The Hispanic unemployment rate remained unchanged at 5.3 percent.