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).

View the underlying data on