Nearly 250,000 African Americans left the workforce and the total number employed fell by 12,000 - a measure that rose solidly for whites, Hispanics and Asians.
The numbers indicate the drop in the Black unemployment rate was driven not by more people finding jobs, but by a rise in the number of people setting their job searches aside.
If you canāt find a job these days. You aināt looking. Just starting to fill our 100K a year union jobs at the big company. People coming back to work. Kevin, a young black guy. Carlos, early 30s Hispanic. Vince, a late 30s black guy.
Office starting to fill up at the big company office.
More to come. Our group met with a veep from Texas this week. Growth. Hiring. CAPEX. Spend. Spend spend. Revenue. Come work and Make money for the big company and share in its growth.
Youāre against this report because it was positive. And Biden is president. Thereās a core group at this forum who still post here who have discussed the monthly jobs report for years. The good aspects and the bad aspects of each report. Monthly. Actually analyzing the BLS numbers. Explaining the numbers to a lot of people who didnāt understand and to this day are almost proudly ignorant of what these reports say. In all that time, you pulling up labor participation charts for African Americans doesnāt ring a bell. You as a really active participantā¦doesnāt ring a bell. Iād search your posts to check that, but I canāt. Youāre blocked. This was a good report. And your contribution was essentially, yeah but this number might be bad. Your only contribution. You just want to be against it.
when you force people out of work and out of business with stupid shutdowns and various stupid mandates, and they eventually crawl back into the job market, pardon me if I dont jump to my feet and power clap with a tear in my eye