Job market starts to bounce back -- especially for white and Hispanic Americans

  • 📰 CNN
  • ⏱ Reading Time:
  • 25 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 13%
  • Publisher: 95%

Nigeria News News

Nigeria Nigeria Latest News,Nigeria Nigeria Headlines

Employment among white and Hispanic people increased last month, after falling precipitously in April, according to the Bureau of Labor Statistics.

The share of white and Hispanic folks who were employed increased last month, after falling precipitously in April, according to the Bureau of Labor Statistics. Some 53.4% of whites and 52.8% of Hispanics were working last month, an increase of 1.5 percentage points or more for each compared to April.Unemployment rates for both groups fell last month to 12.4% and 17.6%, respectively, down from 14.2% for whites and 18.9% for Hispanics in April, both record highs.

Traditionally, the share of unemployed blacks is twice or more that of whites, except during the Great Recession, when the gap was smaller. Now, as businesses begin to rehire, the difference between the two rates widened again. "People will tout this #JobsReport as good & that we are recovering. Yet, we are leaving Black people behind again -- this is true by gender & age," tweeted Olugbenga Ajilore, senior economist at the left-leaning Center for American Progress.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 4. in NG
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Just wait until millions of construction jobs and utility jobs are added to rebuild all of the structures that are being destroyed by rioters - oops, 'merry caravans!'

trump and former_US_presidents harassed Iranian people by imposing pressure and sanctions on them. Now you can see what your governors have done to people of other countries😑 USAProtest iran USA_is_terrorist blacklivesmatter

When you're burning down black businesses. Wonder why.

FridayRevivalService Prepare the way Messiah is coming

haha. u guys claimed for quarantine, thats what u get. stay home and enjoy

JobsNotMobs Trump2020

work history and job skills required for obtaining and holding on to jobs

Trump 2020

Why not for blacks? If I'm out protesting, I should be offered jobs unsolicited blackallys please help us we are literally fighting for survival, pay us while we protest

So we're in the middle of a COVID19 pandemic and many of our cities are shut down (and broken down) because of GeorgeFloydProtests and now some geniuses are coming along to wonder why employment levels aren't normal. Seriously? 😣

Lol go throw your democratic governors in the street and make them open it up!

Me thinks its just recycled jobs that people already had and went back to and Trump is claiming them as 'New jobs' that is where we need to look where did these 'new jobs' come from?

Typical CNN can't stop themselves from playing the race card. This is why no one watches

great hope it extends to everyone under the 'rainbow' 😇

Unemployment in black communities will rebound real quick too. Let’s not try to score political points with peoples jobs and livelihoods.

Fix unemployment now means open the economy backup.....

Nigeria Nigeria Latest News, Nigeria Nigeria Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Blowout jobs report shows 'big hedge fund guys' got it wrong and the market was right, says CramerA swath of big name hedge fund managers have been skeptical of the stock market's swift bounce back from its March low. Warren Buffet and other bet against America. The regular people bet the America would prevail 40M out of work, many probably stopped looking. Companies will go bankrupt and cut even more jobs through the summer. This is NOTHING to celebrate. FakeTrumpNewsHeadlines FakeNews TrumpDeathToll100K TrumpDictatorship
Source: CNBC - 🏆 12. / 72 Read more »

Some Americans return to work, but is the job market recovering?Last week's unemployment data indicated people were returning to work for the first time since the start of the coronavirus pandemic. The trend did not continue, according to this week's report. Wow, you actually put 2 & 2 together and came up with something positive! Right! 5 जून 1972 को वीरों की भूमि भारत देश के सबसे बड़े राज्य उत्तर प्रदेश के माननीय मुख्यमंत्री सनातनी संत श्री myogiadityanath जी को जन्मदिवस की बहुत-बहुत शुभकामनाएं परब्रह्म आपको स्वस्थ एवं निरोग काया प्रदान करें जिससे आप निरंतर परोपकार के कार्य करते रहें
Source: ABC - 🏆 471. / 51 Read more »

Stocks Fall Slightly After 1.9 Million More Americans File For UnemploymentThe market took a breather after a strong start to June. bitcoin
Source: Forbes - 🏆 394. / 53 Read more »