COVID-19 Policy Update FRIDAY 9/4 TOP THREE Jobs Report: 1.35 million jobs were added in August and the unemployment rate dropped to 8.4% (beating estimates of 9.8%). The underlying data show a divergent recovery. Unemployment for white workers was 7.3% versus above 10% for Black, Hispanic and Asian workers. The unemployment rate for those without a high-school diploma was 12.6% compared to just 5.6% with those holding a bachelor’s degree or higher.
COVID-19 Policy Update #98
COVID-19 Policy Update #98
COVID-19 Policy Update #98
COVID-19 Policy Update FRIDAY 9/4 TOP THREE Jobs Report: 1.35 million jobs were added in August and the unemployment rate dropped to 8.4% (beating estimates of 9.8%). The underlying data show a divergent recovery. Unemployment for white workers was 7.3% versus above 10% for Black, Hispanic and Asian workers. The unemployment rate for those without a high-school diploma was 12.6% compared to just 5.6% with those holding a bachelor’s degree or higher.