Economic Policy

The Joint Center’s economic policy program identifies challenges and opportunities for advancing the economic status of Black communities. See below for research, analysis, and activities related to economic policy.

Biden Budget Would Make Key Workforce Investments For Black Communities

On May 28, 2021, President Biden proposed a $6 trillion budget that explicitly names racial equity as a priority. The president’s fiscal year 2022 budget proposal not only specifies structural racism as a justification for various budget items, but it also proposes several key spending boosts critical to advancing Black communities. One way the ambitious…

Read More

March Jobs Data Shows Some Promise for Black Economic Recovery

By Aleya Jones and Jessica Fulton In March, the unemployment rate for Black workers decreased slightly, but a deeper look into the U.S Bureau of Labor Statistics’ March 2021 Employment Situation Report signals the need for sustained investments in Black communities to ensure that Black workers are not left behind as the economy continues to…

Read More

December Jobs Data Shows Loss for Black Women

In December, the unemployment rate for Black workers decreased slightly to 9.9 percent, down from 10.3 percent in November 2020. This rate is above the national unemployment rate of 6.7 percent and still far above the 6.0 percent unemployment rate Black workers saw in February 2020. Overall, Black workers were just slightly less likely to…

Read More

Joint Center President Joins AARP’s Panel on ‘Equity, Inclusion, and a New World of Work’ at The Atlantic Festival

Joint Center President Spencer Overton joined AARP’s panel, Equity, Inclusion, and a New World of Work, at the virtual Atlantic Festival. During the discussion, Spencer spoke about digital technologies that are transforming work, increased utilization of autonomous robots, and the significance of digital skills and remote work especially during the COVID-19 pandemic. Other panelists included…

Read More

Sustain Black Businesses

Black businesses have been hit hard by the COVID-19 pandemic, with a 26% decline in the number of active Black business owners between February and May 2020.1 The federal government’s Paycheck Protection Program—which issues forgivable loans to keep businesses open and employees on payrolls—failed to adequately support Black businesses, in part through its design. Policymakers…

Read More