9/26/2011

All workers—including black youth—benefit from a tight labor market

For black 16-to-24 year olds who were not enrolled in school, the strong job growth over the 1989-2000 business cycle shaved 3.7 percentage points off their unemployment rate. This decline in the black youth unemployment rate was three times as large as the 1.2 percent decline in unemployment for white youth.

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