Proof Point
U.S. employment rates reached highest level in 2016 after significant drop following 2009 financial crisis, with Asians and Whites employment higher than African Americans and Others
U.S. Employment Rate by Race Group
2007 – 2016 (percentage of U.S. workforce)
| Note: | Hispanics were not included as they are considered by U.S. Bureau of Labor Statistics as ethnicity, not race |
Proof Point Findings
- Employment Rate – Percentage of labor force, aged 16 and over, who worked for at least one hour as paid employees or business owners, and those who worked for at least 15 hours as unpaid workers in enterprise owned by other family members
- U.S. Aggregate Employment Rate – Attained pre-financial crisis level of 95%, after falling significantly to 90% in 2010
- Employment Rates Gap – Whites and Asians employed at higher rates than African American and other race minorities, by about 4% margin
- 2009 Financial Crisis – Affected employment rates of all races, with African Americans and other race minorities experiencing biggest drop in 2010, falling by eight and seven percentage points, respectively, from 2007 level
- Key Dependences – Include technology displacements resulting from system automation and job-skills mismatch, economic growth, possible reshoring of jobs outsourced to other countries, increasing accessibility of education and other skills development platforms, growing consciousness of corporations to develop racially-diverse teams, and other labor and economic policies to be implemented by Trump administration
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Market Disruption |
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Sector |
Cross-sector
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Source |
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Date Last Updated |
March 14, 2017
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