Jobs Day Takeaways
With 528,000 jobs added in July, “Payroll job growth this month is higher (as a percent of employment) than 93 percent of monthly job numbers since 1980,” Roosevelt’s Mike Konczal tweeted.
“[U]nemployment rate gaps by race . . . have shrunk faster in this recovery than prior ones,” wrote Labor Department Chief Economist Joelle Gamble.
But as both Gamble and Roosevelt’s Ira Regmi note, more work remains.
“While unemployment rates decline, [it’s] important to remember that sustained periods of growth are necessary to close the large and persistent gaps between employment levels of Black and White folks!” Regmi tweeted.
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