PRESS CALL TODAY, 10:30 a.m. ET: Groundwork’s Chief Economist Dr. Rakeen Mabud, Other Experts To Weigh in on April Jobs Report
May 6, 2022 Groundwork Collaborative
Today at 10:30 a.m. ET, Groundwork’s Chief Economist Dr. Rakeen Mabud will join the Washington Center for Equitable Growth’s Kate Bahn and the Roosevelt Institute’s Lauren Melodia for a Jobs Day Press Call. Leading economists will share their real-time analysis of the April Jobs Report and what it means for workers, families, and small businesses.
“The trajectory of the labor market recovery is a testament to the people-centered investments policymakers made during the pandemic,” said Dr. Mabud. “However, the Black unemployment rate remains at nearly double the white unemployment rate, an unacceptable inequity that has persisted for too long. We must not get complacent and settle for the pre-pandemic labor market that failed to support far too many if we are to ensure our economy truly works for all.”
- The Federal Reserve’s decision to carry out the highest interest rate hike since 2000 undermines our economic progress. We must commit to an inclusive vision of full employment, where all workers, regardless of race, geography, or gender, enjoy the benefits of a healthy labor market and have access to high-quality jobs.
- Rebalancing power in the economy will require large-scale, sustained policy solutions. While workers in low-paying industries like leisure and hospitality have seen real wage growth, we must institutionalize those gains by expanding access to unions, establishing real checks on the wealthy and corporations, and investing in the quality jobs and care infrastructure that people need to thrive.
- When people are doing well, our economy does well. We cannot allow misguided calls for austerity to block popular, necessary, and long-overdue public investments in climate, care, and good-paying jobs. These critical investments will pay dividends long into the future, ensuring a strong and resilient economy for all.