Reported about 6 hours ago
The unemployment rate for Black Americans hit 7.5% in August, nearly double that of white workers, reflecting structural inequities in the labor market. Economists suggest that this trend may serve as an early indicator of economic downturns, with Black workers often being the last hired and first fired. Additionally, the unemployment rate for younger workers has also risen to 10.8% due to hiring freezes and market uncertainties, posing long-term risks to their job prospects.
Source: YAHOO