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Empty Shelves and the Possibility of a Recession: May 2025 Race, Jobs and the Economy Update

Analysis of Topline Figures in the May BLS Report The economy added 177,000 jobs in April while the unemployment rate remained at 4.2%. The February and March job gains were revised down by 15,000 and 43,000, respectively.  The April job gains came primarily in the healthcare and education (+58,000), transportation and warehousing (+29,000), and leisure […]

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How Tariffs Drive Up Mortgage Costs and Undermine Homeownership

The Trump Administration’s trade war continues to roil both the financial markets and key economic indicators, such as  consumer sentiment. The anxiety around the market has even spread to the US Treasury market, where the damage could cause borrowing costs for households to rise, especially for home mortgages. A bond is essentially a loan, either

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The Recessionary War on Workers: April 2025 Race, Jobs and the Economy Update

Analysis of Topline Figures in the April BLS Report The economy added 228,000 jobs in March, while the unemployment rate increased to 4.2%. In the midst of a brewing trade war and talks of a potential recession, the job gains caught forecasters off guard. We should note that the reference period for the establishment survey

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Odds of Recession Rise While Tariffs Dampen Consumer Outlook: March 2025 Race, Jobs and the Economy Update

Analysis of Topline Figures in the March BLS Report In February, the economy added 151,000 jobs, while the unemployment rate ticked up to 4.1%.  Although the topline figures are relatively solid, especially considering the current tumultuous political climate, the report does contain some concerning red flags.  The government sector only added 11,000 jobs, while the

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The Federal Workforce, The Creation of the Black Middle Class, and its Tenuous Future: A Black History Month Reflection

In 1926, historian and author Dr. Carter G. Woodson and the Association for the Study of African American Life and History (ASALH) established Negro History Week to celebrate the achievements of Black Americans and to foster a sense of collective memory for a people facing constant dehumanization. The ASALH has chosen the theme of “African

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