Black workers’ unemployment is more sensitive to overall conditions: Regression coefficient showing change in Black and white labor market indicators given a 1-percentage-point increase in the output gap
| Outcome | Regression coefficient |
|---|---|
| White | -0.643 |
| Black | -1.571 |
| Nonwhite | -1.539 |
| Black–white | -0.703 |
| Nonwhite–white | -0.896 |
| Nonwhite–white (post-1971) | -0.826 |
| White | 0.18 |
| Black | 1.2 |
Note: Regression coefficients stemming from a regression (with Newey-West standard errors) of three-year centered average of labor market indicators on the three-year centered average of the output gap and a time trend.
Source: Author’s analysis of Current Population Survey data from Bureau of Labor Statistics (BLS-CPS 2021) and output data from the Congressional Budget Office (CBO 2021).