February 9, 2021 / Basic Needs, Economics, Equity, Hispanic

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The racial gap in liquid assets makes Black and Hispanic families more vulnerable to income fluctuations. When faced with a job loss, Black and Hispanic families have to cut spending more dramatically than White families. Upon the arrival of a tax refund or other stimulus, Black and Hispanic families have to spend it more quickly. Listen to the MAX Workforce Solutions presentation or read the full report (JPMorgan Chase Institute)

January 13, 2021 / Economics, Equity, Hispanic, Workforce

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In a new fact sheet from the National Women’s Law Center, we’ve learned that:

  • Women represented 111% of the 140,000 net jobs lost in December (men gained 16,000)
  • More than 2 in 5 of the 12.1 million women’s jobs lost between February and April have not yet returned
  • The overall unemployment rate among women (6.3%) masks even higher rates for Black women (8.4%), Latinas (9.1%), 20- to 24-year-olds (9.3%), and women with disabilities (11.4%)
August 27, 2020 / Economics, Equity, Workforce

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62% of Black-owned businesses are not prepared to go more than 3-4 weeks without revenue. 96% of Black-owned businesses are sole proprietorships with either 1099 contractors or no other staff, limiting the available support they qualify for. [webinar] (Atlanta Wealth Building Initiative)

August 22, 2020 / Basic Needs, Economics, Equity, Workforce

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“The rapid adoption of remote work and automation could accelerate inequalities in place for decades. Economists say the resulting ‘K’ shaped recovery will be good for professionals—and bad for everyone else.” [article] (Wall Street Journal)

June 9, 2020 / Economics, Hispanic, Workforce

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41% of Black-owned business closed between February and April. 32% of Latinx- and 36% of immigrant-owned businesses also shuttered. (Axios)

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