Biden Economist Plans To Sort out Financial Disparities Triggered By COVID-19 : NPR

The financial fallout from COVID-19 hit communities of shade arduous. One official main the federal response is Labor Division Chief Economist Janelle Jones, the primary Black girl in that publish.



STEVE INSKEEP, HOST:

The pandemic worsened financial equality. So what does the Biden administration plan to do about it? NPR’s Ayesha Rascoe talked with Janelle Jones, the chief economist on the Labor Division and the primary Black girl to carry that job.

AYESHA RASCOE, BYLINE: Employers added greater than 900,000 jobs final month. That is a banner quantity for any administration, and the unemployment charge dropped to six%. However Janelle Jones, the primary Black girl to function the highest economist for the Labor Division, says you must dig additional into these numbers.

JANELLE JONES: Every time somebody tells me a headline quantity or tells me the economic system is doing rather well, my rapid follow-up query is, for who? And who’s being left behind and who isn’t included?

RASCOE: The reply, because it has been for years, is a whole lot of the nation that’s not white or male. With the expansion in vaccinations, companies like eating places and motels are making extra money and hiring extra individuals. Jones says that is excellent news for Black and Latino girls who’re overrepresented within the leisure and hospitality sector. Nonetheless, unemployment solely fell to 7.9% for Latinos and 9.6% % for African Individuals.

JONES: If the general unemployment charge was 9.6% for all staff, we might be operating round with, like, our heads on fireplace. That’s disaster ranges of unemployment.

RASCOE: And Jones says that even a return to pre-pandemic jobless ranges is not going to be ok for many individuals. In the course of the Trump administration, the low unemployment that preceded the pandemic was promoted as a prime accomplishment. This is former President Trump in his farewell handle.

(SOUNDBITE OF ARCHIVED RECORDING)

DONALD TRUMP: We reignited America’s job creation and achieved report low unemployment for African Individuals, Hispanic Individuals, Asian Individuals, girls – nearly everybody.

RASCOE: However even at these historic ranges, African American unemployment was nonetheless about double white unemployment. For Jones, these kinds of particulars are vital.

JONES: For years, we talked about how the economic system was rising. It was the longest growth on report. Every part was nice. Black girls did not get better their unemployment charges till 2018 – proper? – so it wasn’t a restoration for Black girls.

RASCOE: Jones is a graduate of Spelman, the traditionally Black girls’s faculty. Earlier than taking the place on the Labor Division, she labored at a progressive financial suppose tank. Jones coined the time period Black Girls Finest to explain how she tries to guarantee that marginalized teams will not be left behind.

JONES: I am a Black girl. I heart Black girls in a whole lot of my considering. However I feel you possibly can actually apply this to all sorts of teams that we normally do not heart. We are able to take into consideration Indigenous girls, Latinx girls, staff with disabilities, non-native audio system, LGBTQ people.

RASCOE: The concept is that if these teams are doing effectively, then which means all the economic system is flourishing. She argues, this isn’t a zero-sum problem.

JONES: The trolls on Twitter would say issues like, effectively, you simply need Black girls to be wealthy after which everybody else to be poor. It is like, no, no, that is positively not what I imply. Additionally, that is not the way in which the system is at the moment structured. Like, it is unimaginable for that to occur.

RASCOE: Now the Biden administration is making an attempt to show that framework into outcomes. The administration is now pushing a $2 trillion invoice that focuses on conventional infrastructure, in addition to quite a lot of objects aimed toward addressing historic racial injustices. Whether or not it passes or not, rebuilding the economic system will take time. Jones says the U.S. wants one other 12 months of jobs studies just like the one from final month simply to get again to the place it was earlier than the pandemic. However she will not be glad with a return to the established order that maintains financial inequality.

Ayesha Rascoe, NPR Information.

(SOUNDBITE OF THE BAD PLUS’ “LOVE IS THE ANSWER”)

Copyright © 2021 NPR. All rights reserved. Go to our web site phrases of use and permissions pages at www.npr.org for additional info.

NPR transcripts are created on a rush deadline by Verb8tm, Inc., an NPR contractor, and produced utilizing a proprietary transcription course of developed with NPR. This textual content is probably not in its closing type and could also be up to date or revised sooner or later. Accuracy and availability might fluctuate. The authoritative report of NPR’s programming is the audio report.

https://www.npr.org/2021/04/06/984656703/biden-economist-plans-to-tackle-economic-disparities-caused-by-covid-19