labor

10 posts
Jobless Claims at Five-Decade Low

The number of Americans filing claims for unemployment benefits hasn’t been this low since Richard Nixon was president, according to new data from the U.S. Labor Department. The figures suggest a tight labor market in which employers are retaining employees because there aren’t as many available qualified workers, Bloomberg reported: Overall, the employment picture remains solid, with payrolls continuing to increase and the unemployment rate at the lowest since late...

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Visualizing the Historical Relationship Between White, Black Unemployment Rates

President Trump was right last month when he bragged that black unemployment rate was at a historical low. The rate in December was 6.8 percent, the lowest it’s been since 1972 (though it ticked back up nearly a percentage point last month). But the president’s statement excluded some important context about the historic movement of this rate by race and ethnicity. I’ve tried to explain in these graphics. First, here...

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