Paul Krugman | The Good News on Unemployment for Black Americans – The New York Times

Opinion Columnist

“In a recent article that stressed America’s impressive recovery from the Covid economic slump, I compared current conditions with those in late 1988, when George H.W. Bush won an electoral landslide in part because of the perception that the economy was in great shape. As I noted, inflation at the time was roughly what it is now, while the unemployment rate was about two points higher.

What I didn’t point out was that unemployment was especially high among disadvantaged groups, especially Black Americans. And one of the relatively unsung bright points of the U.S. economy in recent years has been a reduction in Black unemployment.”

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