What Happened to Black Unemployment as Unemployment Declined Further?30th August 2018
In 2015, CEPR modeled what would happen to unemployment rates for black workers if unemployment fell further. The model found that, if overall unemployment and unemployment for whites specifically, declined more, black workers would disproportionately benefit. In the past, the unemployment rate for black workers has been about two times higher than the rate for white workers, and the rate for black teens has been about six times higher. This means that if the white unemployment rate was allowed to fall one percentage point, the rate for black workers would fall two percentage points and that for black teens would fall six percentage points.
Since 2015, the unemployment rate for white workers fell one percentage point. What happened to the rate for black workers overall and that for black teens? The rate for black workers overall fell 2.4 percentage points, and the rate for black teens fell 5.8 percentage points (this is a 12-month moving average since the data for black teens is erratic). In other words, the actual data fits the model very well.
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