The unemployment rate for black workers—and particularly black women—rose from April to May, further exacerbating racial disparities. More, via FiveThirtyEight:
that the number of unemployed people who were jobless for fewer than five weeks dropped to 3.9 million in May, a decrease of 10.4 million from April. This may also speak to the backlog in processing unemployment insurance claims on a week-to-week basis, with many workers showing up in the claims data even if, in reality, they had already returned to work.
But there’s plenty of bad news tucked into this report too — and several economists told us that just because the labor market data was less catastrophic than we had thought, it didn’t mean we should pump the brakes on government assistance to businesses or jobless workers.
Several economists told us they were especially focused on the nature of the layoffs in the May report because it’s an important indicator of how painful the recovery could be. “One of the things that’s been really unusual about this recession is how many temporary job losses we’ve had,” Bunker said. “The more permanent job losses we see, the more this will look like a normal recession, and that’s not good news because in the last two recessions, the recovery has been very stubborn and slow.
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