Tuesday, July 11, 2017
Jobless rates for blacks and hispanics back down
Well, this is a nice piece of news:
WSJ - jobless rates for blacks and hispanics fall to all-time lows. They're the last ones to get hired back after the job losses of a recession, and by the way undergraduate economics fails to explain why.
So with all of them back to work, I guess it's about time for the Fed to start raising rates to drive them all back out of work, right?
I mean, that's what happens when you raise rates to choke off employment growth, right?
The Fed knows this, right?
So therefore it's explicit Fed strategy to keep blacks and hispanics underemployed,, right?