Posted on 09/10/2019 9:21:08 AM PDT by yesthatjallen
People of color make up the bulk of new working-age hires for the first time ever, according to an analysis from The Washington Post.
Women have driven the trend, according to the Post, which cited Labor Department data going back to the 1970s. The trend has been driven both by a wave of retirements among white baby boomers and another wave of minority women entering the workforce in 2015, the newspaper noted.
It added, however, that the demographics could be some of the first affected in a slowing job market.
“We’ve seen a lot of gains in employment among lower-income and lower-education groups,” Marianne Wanamaker, an economist and former member of President Trump’s Council of Economic Advisers, told the Post. “But it is precisely those groups that are vulnerable to layoffs if economic activity slows.”
Federal Reserve Chairman Jerome Powell has said that monetary policymakers should work to sustain the gains in minority communities, the Post noted, adding that data from the central bank indicate the average white family still has a net worth of nearly 10 times that of a typical African American or Latino family.
SNIP
“Our challenge now is to do what monetary policy can do to sustain the expansion so that the benefits of the strong jobs market extend to more of those still left behind,” he added.
People of color?
Transparent people need not apply..................
Why izzit okay to say “people of color”, but racist to say “colored people”?...............................
I despise that term
Especially government jobs, and insurance call centers.
Some of that, but much of this is Trump bringing back employment opportunities for the poor blacks forsaken by plantation-owner Democrats.
The more minorities who find gainful employment, the less likely they will be to continue voting Democrat. It’s a win-win.
NYT Headlines: Trump Forces Blacks to Work, Just Like In the Days of Slavery
which one?
six paragraphs: 2 were positive towards the economy while 4 were negative, making people concerned that the good jobs market won’t last.
I wish I had your optimism here, but I think the likes of Oprah will continue to "persuade" those minorities to stay on the (D) plantation.
The lack of critical thinking, and just all around propensity towards group think is strong with those that vote (D).
Because we’ve created so many jobs.
I think this is great news. Fewer people on welfare is always good news, regardless of what color those people are.
Hard to have self worth and significance if you sit around living off of others.
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