As with investing, past performance is no guarantee of future action.
· Unemployment for whites was 3.4%, 6.9% for blacks, 4.9% for Hispanics, and 3.6% for Asians.· Permanent job losers were down by 1.9 million from the previous year but is still at 1.6 million.
· People not considered in the labor force but who wanted a job stood at 5.7 million, which was 708,000 higher than February 2020. · While jobs were up 467,000 during the month, that’s less than the average 555,000 monthly gain in 2021. Close to a third of those jobs, 151,000, were in the food services, drinking places, and accommodation industries. Add the 61,000 retail job gains and you’ve got 45.4%, nearly half, of the total cheered jobs that are low pay.
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