Temporary job losses seen at the start of the pandemic are now becoming permanent, the Atlanta Fed President Raphael Bostic, as reported by Reuters.
“The recovery has been the weakest for black workers,” added Bostic.
Market reaction
These comments do not appear to have a significant impact on market sentiment. At the time of writing, the S&P 500 It was down 0.4% on the day to 3,617 and the Dow Jones Industrial Average lost 0.55% to 29,788. Meanwhile, the US dollar index remains on track to close in negative territory near 92.40.
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