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SourceThe first jobs report of the Biden administration saw black women the hardest hit by a slumping labor market.
Even though the nationwide unemployment rate fell in January, the unemployment rate for black women jumped from 7.7 percent to 9 percent, the biggest increase among demographic groups reported by the Department of Labor.
“I’ve been an economist for a long time, and one of the areas where I’ve focused my attention is on the racial disparity in economic outcomes,” Treasury Secretary Janet Yellen said in talk with members from local Black Chambers of Commerce on Friday.
The loss of jobs following Biden’s election is already testing that focus.