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Powell Dashboard Shows Wider Disparities as Job Growth Slows

  • April data show little progress toward inclusive labor market
  • Black unemployment rose last month as White unemployment fell
Bloomberg business news
Powell Says Racial Inequality Holds Back the Economy

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Federal Reserve Chair Jerome Powell says he wants to see a recovery that reaches all corners of the labor market before the U.S. central bank begins raising interest rates. The numbers in Friday’s jobs report suggest the economy didn’t make much progress toward that goal in April.