News Formal

U.S. Black employment falls despite wider job market stability

  • 📰 Reuters
  • ⏱ Reading Time:
  • 46 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 22%
  • Publisher: 97%

대한민국 뉴스 뉴스

대한민국 최근 뉴스,대한민국 헤드 라인

The U.S. Black unemployment rate hit a 10-month high in June, driven in large part by Black workers leaving the labor market, a development some economists worry may be a 'canary in the coal mine' that may mean a recession is approaching.

An employee hiring sign with a QR code is seen in a window of a business in Arlington, Virginia, U.S., April 7, 2023. REUTERS/Elizabeth Frantz/File Photo

The Labor Department's closely watched monthly employment report released Friday showed the U.S. economythe fewest jobs in 2-1/2 years in June - but this softening did not affect all demographic groups uniformly. Some economists are concerned by the falling Black labor force participation rate - a measure of the people who are either employed or looking for work - which has fallen by 1.5% since March. In fact, the majority of the 239,000 person decrease in Black employment came from the people who left the labor force altogether in June, according to the report.

"The increase in unemployment for these vulnerable workers appears to be driven by difficulty finding a job among existing workers, rather than a meaningful entry of previously sidelined workers," William M. Rodgers III, director of the St. Louis Federal Reserve's Institute of Economic Equity, said.

이 소식을 빠르게 읽을 수 있도록 요약했습니다. 뉴스에 관심이 있으시면 여기에서 전문을 읽으실 수 있습니다. 더 많은 것을 읽으십시오:

 /  🏆 2. in KR
 

귀하의 의견에 감사드립니다. 귀하의 의견은 검토 후 게시됩니다.

대한민국 최근 뉴스, 대한민국 헤드 라인

Similar News:다른 뉴스 소스에서 수집한 이와 유사한 뉴스 기사를 읽을 수도 있습니다.

Dollar falls as U.S. job market cools off in JuneThe U.S. dollar fell Friday after data suggested that U.S. labor market, though still tight, may be cooling off as rising interest rates gradually weaken the...
출처: MarketWatch - 🏆 3. / 97 더 많은 것을 읽으십시오 »