What is the real unemployment rate for Black women?

When accounting for those who have left the labor force, the real unemployment rate for Black women is 10.23%.

Are Black women gaining jobs in higher-paying sectors?

No, Black women are primarily gaining jobs in lower-paying sectors like health care and social assistance.

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Black Women Face Economic Crisis: 600k Sidelined

Q: Why are 600,000 Black women economically sidelined?

Black women are facing job losses, higher unemployment, and forced exits from the labor force, impacting their economic participation.

23 Nov

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Summary

Nearly 600,000 Black women are economically sidelined.
Black women's real unemployment rate is 10.23%.
Job gains for Black women are in low-wage sectors.

Black Women Face Economic Crisis: 600k Sidelined

A significant economic crisis is impacting Black women, with nearly 600,000 being economically sidelined since February. This situation encompasses job losses, continued unemployment, and forced exits from the labor force, collectively representing billions in lost GDP.

The data reveals a stark contrast as men re-enter the labor market, while Black women experience widening pay gaps and are increasingly concentrated in lower-wage sectors like health care and social assistance. This trend is not a temporary downturn but a structural divide.

Addressing this requires targeted solutions, including enforcing pay equity, rebuilding inclusive job pipelines into higher-wage industries, and reforming Federal Reserve models. Ignoring the "Exit Economy" risks further economic instability for households and the nation.

Disclaimer: This story has been auto-aggregated and auto-summarised by a computer program. This story has not been edited or created by the Feedzop team.