{"id":128497,"date":"2025-09-08T20:16:12","date_gmt":"2025-09-08T20:16:12","guid":{"rendered":"https:\/\/www.newsbeep.com\/au\/128497\/"},"modified":"2025-09-08T20:16:12","modified_gmt":"2025-09-08T20:16:12","slug":"surging-black-youth-unemployment-a-key-warning-sign","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/au\/128497\/","title":{"rendered":"Surging Black, youth unemployment a key warning sign"},"content":{"rendered":"<p>Fast-rising unemployment rates for Black and young workers, whom economic downturns typically hit first and hardest, will make it tougher for the Trump administration to shrug off signs of a slowing labor market. <\/p>\n<p>The Bureau of Labor Statistics said Friday the unemployment rate for Black workers in August was 7.5%, <a href=\"https:\/\/x.com\/byHeatherLong\/status\/1963964017665266087\" class=\"styles_linkEmbed__SNmaX\" rel=\"noopener nofollow\" target=\"_blank\">up from 6.1% a year ago<\/a>, while the unemployment rate for workers between 16 and 24 was 10.5% \u2014 <a href=\"https:\/\/www.cnn.com\/business\/live-news\/us-jobs-report-august-2025#cmf72po080000356pdn6e2zgu\" class=\"styles_linkEmbed__SNmaX\" rel=\"noopener nofollow\" target=\"_blank\">a nearly four-year high<\/a>. <\/p>\n<p>\u201cThese are corners of labor that are much more sensitive than prime working-age Americans or white Americans to small fluctuations in demand,\u201d economist Guy Berger said. \u201cMaybe some of this is overdone and it will reverse partly \u2014 but it\u2019s a pretty big move in a short time \u2026 it is almost certainly indicative that things are getting worse.\u201d <\/p>\n<p>Meanwhile, underemployment is at its <a href=\"https:\/\/x.com\/KobeissiLetter\/status\/1964004598869614909\" class=\"styles_linkEmbed__SNmaX\" rel=\"noopener nofollow\" target=\"_blank\">highest rate<\/a> since 2021. <\/p>\n","protected":false},"excerpt":{"rendered":"Fast-rising unemployment rates for Black and young workers, whom economic downturns typically hit first and hardest, will make&hellip;\n","protected":false},"author":2,"featured_media":128498,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[11],"tags":[64,63,99,164],"class_list":["post-128497","post","type-post","status-publish","format-standard","has-post-thumbnail","category-economy","tag-au","tag-australia","tag-business","tag-economy"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/posts\/128497","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/comments?post=128497"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/posts\/128497\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/media\/128498"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/media?parent=128497"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/categories?post=128497"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/tags?post=128497"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}