Key race-based ratios reflecting labor market inequity respond to overall conditions: Regression coefficients showing change in race-based unemployment, employment-to-population, and labor force participation ratios given a 1-percentage-point increase in the output gap
| Outcome | Regression coefficient |
|---|---|
| Black–white ratio | -0.061 |
| Nonwhite–white ratio | -0.067 |
| Nonwhite–white ratio (post-1971) | -0.072 |
| Black–white ratio | 0.012 |
| Nonwhite–white ratio | 0.013 |
| Nonwhite–white ratio (post-1971) | 0.009 |
| Black–white ratio | 0.0045 |
| Nonwhite–white ratio | 0.0075 |
| Nonwhite–white ratio (post-1971) | 0.0036 |
Note: All regressions use three-year centered averages and include the output gap as estimated by the Congressional Budget Office as an explanatory variable, as well as a time trend.
Source: Author’s analysis of Current Population Survey data from the Bureau of Labor Statistics (BLS 2021) and output data from the Congressional Budget Office (CBO 2021).