ithin that demographic.
But Biden’s referring to"record numbers" of Black Amerians with jobs is not the most instructive metric, because population increases over time, potentially bolstering employment numbers even absent economic growth.for people 20 and older reached 63% during Biden’s term. The only time it was higher going back to 1972, when the statistic was first collected, was in the late 1990s, when it peaked around 65%.This is accurate in raw numbers and by percentage.
Both ways of measuring the racial wealth gap are legitimate, Jonathan Welburn, a senior researcher specializing in economics at the Rand Corp., a nonpartisan research organization,in a May 2023 article that it would take trillions of dollars to eliminate the wealth gap between white and Black Americans.net housing wealth, investment income and businesses or self-employment were the top Black income growth drivers from 2019 to 2022.