'The dangerous reflex to hike rates, no matter the causes of inflation, is both a policy failure and a failure to imagine a world in which workers are anything other than expendable,' said Groundwork executive director owenslindsay1.
lamented that the unemployment rate for Black workers jumped 1.3 percentage points to 6% in June, potentially signaling imminent trouble for the labor market as a whole.
"This recent data is alarming and underscores the dangers of the Fed's aggressive rate-hike campaign," Warren wrote."Extensive research shows that Black workers are usually among the first to lose their jobs when the labor market falters. Accordingly, sharp increases in Black unemployment can be 'a strong predictor of an impending recession.
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