| Welcome to the Saturday edition of Businessweek Daily, featuring the Everybody's Business podcast. Let us know what you think by emailing the editor. If this email was forwarded to you, click here to sign up. The January jobs report, released on Wednesday, was surprisingly positive—the unemployment rate fell a bit to 4.3% and the economy added roughly 130,000 jobs, according to the US Bureau of Labor Statistics. Such an increase would be welcome news, because there's growing anxiety around the direction of the jobs market. Still, a deeper dive into the BLS numbers revealed some troubling trends. Among them: The unemployment rate among people of color continues to be markedly higher than that of workers overall. The Black unemployment rate is now at roughly 7.5%, up from about 6% just a year ago. On this week's episode of the podcast, Stacey Vanek Smith and Max Chafkin are joined by Anna Gifty Opoku-Agyeman, author of The Double Tax: How Women of Color are Overcharged and Underpaid. Gifty makes the point that while women of color earn only about 65 cents on the dollar compared with men, they are very likely to be family breadwinners and caretakers. Also, Max and Stacey talk New York Fashion Week with Lauren Sherman, a writer for Puck. Sherman discusses rising standards for luxury as disposable income gets scarcer. Listen and subscribe to Everybody's Business on Apple, Spotify, iHeart and the Bloomberg Terminal |
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