Thread by @MarkVinPaul

Right now, we’re facing a dire public health and economic crisis. And like most things in our structurally racist & sexist economy, the harms associated with these crises are not distributed equally. Let’s dig in!

While #jobsday showed a modest downtick in the U3 rate, which is a good sign, the overall picture of the economy, especially for working-class ppl, remains bleak.
Overall U3: 10.2%
Black U3: 14.6%
Hispanic U3: 12.9%
White U3: 9.2%

The big takeaway from #jobsday is that the recovery has slowed massively, and major congressional action is necessary to help people meet their bills & stay in their homes, help states/local governments avoid massive layoffs, & help get the ongoing health crisis under control.

Unfortunately, Congress still hasn't acted. Instead, they let the life-saving $600/week UI top-off expire. Not only does this damn the economy by massively contracting demand, but it puts millions upon millions of Americans in dire economic situations.

We know that roughly 40% of ppl couldn't cover a $400 emergency expense BEFORE the crisis. How are those people going to weather this storm without more federal assistance?

Sadly, not well.

We know that roughly 1/5 ppl who were working pre-pandemic are now receiving unemployment benefits, but those benefits in many states, especially in areas like Florida where I live, were designed to create, in @GovRonDeSantis 'pointless roadblocks'

#JobsDay tells us there's much to be done, and any inaction will be much, much costlier for black, brown, and indigenous families.