3min chapter

Moody's Talks - Inside Economics cover image

Do we have a Deal?

Moody's Talks - Inside Economics

CHAPTER

The Black Unemployment Rate

The average hourly earnings growth is 4.7%. Is it inflation related? No. Is it labor market related? Yes. The black unemployment rate was 16.8%. And now that's not a high, but like it's kind of a high for me as an adult. It just feels very fortuitous and it could have been very different.

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