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Mitchell Hartman

๐Ÿ‘ค Speaker
542 total appearances

Appearances Over Time

Podcast Appearances

Marketplace All-in-One
There are more unemployed people than job openings right now

She went on food stamps.

Marketplace All-in-One
There are more unemployed people than job openings right now

And the job search?

Marketplace All-in-One
There are more unemployed people than job openings right now

Mundell's bout of unemployment makes her part of a trend, says Valerie Wilson at the Economic Policy Institute.

Marketplace All-in-One
There are more unemployed people than job openings right now

Historically, black unemployment runs about double the rate of white unemployment.

Marketplace All-in-One
There are more unemployed people than job openings right now

But in the last year, as the economy has slowed, white unemployment has barely budged, while black unemployment has soared by an additional 1.4 percentage points.

Marketplace All-in-One
There are more unemployed people than job openings right now

One development in particular has driven that increase, says Benga Agilori at the Center on Budget and Policy Priorities, sharp cuts to federal employment.

Marketplace All-in-One
There are more unemployed people than job openings right now

Back in 2024, black workers made up 18.5% of federal workers versus about 13% of the U.S.

Marketplace All-in-One
There are more unemployed people than job openings right now

workforce as a whole.

Marketplace All-in-One
There are more unemployed people than job openings right now

So Agilori says black workers have lost jobs disproportionately in the Doge cuts.

Marketplace All-in-One
There are more unemployed people than job openings right now

And black women were overrepresented in some of the agencies that suffered the deepest cuts, like the Departments of Education and Health and Human Services.

Marketplace All-in-One
There are more unemployed people than job openings right now

Another big drag on Black women's employment has come from the backlash against diversity, equity, and inclusion programs, says EPI's Valerie Wilson.

Marketplace All-in-One
There are more unemployed people than job openings right now

Another group of workers worries economist William Rogers at the St.

Marketplace All-in-One
There are more unemployed people than job openings right now

Louis Fed.

Marketplace All-in-One
There are more unemployed people than job openings right now

When the job market peaked in mid-2023 and demand for workers was highest, this group had an unemployment rate below 15%.

Marketplace All-in-One
There are more unemployed people than job openings right now

Now it's nearly 22%.

Marketplace All-in-One
There are more unemployed people than job openings right now

The rise in black unemployment will cause long-term economic damage, says Tulane University economist Gary Hoover.

Marketplace All-in-One
There are more unemployed people than job openings right now

Hoover says more black families will have to dip into emergency savings.

Marketplace All-in-One
There are more unemployed people than job openings right now

They'll miss out on pension and IRA contributions, leading to lower household wealth accumulation.

Marketplace All-in-One
There are more unemployed people than job openings right now

After her layoff from the federal government, being without a paycheck certainly dealt Maryland resident Sharnice Mundell a financial blow.

Marketplace All-in-One
There are more unemployed people than job openings right now

She was delayed getting on unemployment, and after eight months of mostly fruitless job searching, she finally landed a position doing insurance authorizations at a big regional hospital.