Tag: recovery

African american woman saves money in piggy bank with a confident expression on smart face thinking serious

The COVID-19 recession demonstrates an axiom of economics. Black unemployment always exceeds the rate for whites, the spikes are higher in recessions, and, in a recovery, employment recovers more slowly. A record number of Black Americans were employed in 2019. But when the economy seized up in the spring, their unemployment rate soared to 17…