Post-pandemic economic recovery among racial groups is the “most equitable in recent history,” a new Treasury Department report has found. While Black and Hispanic Americans typically bear the brunt of recessions, economic gaps between racial groups have narrowed in the last three years. Post-Pandemic Unemployment Rates The Treasury Department report states that prospects for the American economy looked grim at the beginning of 2021 following the pandemic and numerous lockdowns. Professional forecasters expected the unemployment rate to remain well above 5% for the following year, with Black and Hispanic Americans
Workers of color face several barriers to expanding or developing new career skills, a survey conducted by Reputation Leaders, a global thought leadership consultancy sponsored by DeVry University, has revealed. Closing the Activation Gap Report The Closing the Activation Gap report defines upskilling as expanding or developing new skills to perform better in a current job or improve career prospects. To support professional development, meet business needs, and drive economic growth and national competitiveness, it is vital to develop and advance workers’ skills continuously, the report read. The report revealed,
