Jan
08

Workers Wanted

While December’s net job growth of 148,000 was slightly disappointing, it’s understandable given the dearth of unemployed workers! To wit, the unemployment rate for African Americans hit 6.8%, its lowest level since record keeping began in 1972, and the rate for Hispanics/Latinos at 4.9% is one-tenth of a point from tying its 2006 all-time low. Moreover, the labor force participation rate for workers 25-54 rose to 81.9%, tops since 2010.

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