Economics
Women, Black Adults Make Gains That May Last In Hot Job Markets
- Fed’s Daly and co-authors say minorities benefit most
- Hot labor markets see faster improvement for those groups
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Women and black workers win when the U.S. economy runs hot for a while, according to new research from Federal Reserve Bank of San Francisco President Mary Daly and co-authors.
“We find suggestive evidence that certain disadvantaged workers especially benefit from further strengthening when the labor market is already strong,” according to the paper by the Brookings Institution’s Stephanie Aaronson, Fed Board economists David Wilcox and William Wascher, and Daly. “Moreover, for women and blacks these gains appear to be at least somewhat persistent.”