The Conference Board uses cookies to improve our website, enhance your experience, and deliver relevant messages and offers about our products. Detailed information on the use of cookies on this site is provided in our cookie policy. For more information on how The Conference Board collects and uses personal data, please visit our privacy policy. By continuing to use this Site or by clicking "OK", you consent to the use of cookies. 


10 Jun. 2020 | Comments (0)

As a result of the COVID-19 pandemic, the US labor market is experiencing a shock sharper than any in living memory. While likely understating the number of people at least temporarily sidelined, the official unemployment rate rocketed from close to a 50 year low to its highest level since the Great Depression in a matter of weeks. For black communities, the public health-induced whiplash into recession, almost exactly ten years after the peak of black unemployment in the wake of the Great Recession, poses a severe threat to the wellbeing of many families. With few black workers typically able to work from home and many in high-risk but low-income essential jobs, and with many households holding little wealth to cushion a financial shock, the stakes for the US policy response to COVID-19 are extremely high. Jessica Fulton, Vice President of the Joint Center for Political and Economic Studies, joins to discuss the COVID-19 challenge for black communities and how it may it shape the future outlook for many vulnerable workers.

  • Sustaining Capitalism Podcast

    Sustaining Capitalism Podcast

    What are the biggest issues facing the American economy and how can they be solved? Join experts from the Committee for Economic Development for non-partisan, fact-based policy responses to pressing economic, educational, and social issues.  

    More from Sustaining Capitalism Podcast

     

0 Comment Comment Policy

Please Sign In to post a comment.

    SUSTAINING CAPITALISM | Play All Episodes

    Support Our Work

    Support our nonpartisan, nonprofit research and insights which help leaders address societal challenges.

    Donate

    OTHER RELATED CONTENT

    RESEARCH & INSIGHTS

    WEBCASTS

    COUNCILS

    BLOGS

    PRESS RELEASES & IN THE NEWS