In Q2 of 2024, the labor market softened as unemployment rates increased across groups from the record-low rates achieved over the last year, according to our latest State Unemployment by Race and Ethnicity report: www.epi.org/indicators/s...#econsky#economics

2024 Q2 | State Unemployment by Race and Ethnicity

Softening, but strong, labor market; robust growth; persistent gaps across groups 2024 Q2 • Updated August 2024 The second quarter of 2024 saw slight softening in a strong labor market as unemployment...

The national unemployment rate rose to 4%, and the Black unemployment rate rose to 6.3%. Racial disparities in unemployment remained unchanged, with the national Black-white unemployment ratio still at 2:1 🧵 2/3