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For Immediate Release

Press Release

Groundwork’s Dr. Rakeen Mabud Reacts to June Jobs Report

WASHINGTON -

The U.S. economy added 372,000 jobs in June, according to today’s Jobs Report. Dr. Rakeen Mabud, chief economist and managing director of policy and research at Groundwork Collaborative, reacted with the following statement:

“While the labor market has experienced robust job growth in recent months, we must reject calls to push the economy into a recession and put millions out of work in the name of combating inflation. Doing so would be especially catastrophic for Black workers, who face nearly double the unemployment rate of white workers even in the best of times. 

“Rather than condemning millions to joblessness, we must make the critical, long-overdue investments in care, climate, and housing that will bring down costs and strengthen our economy as a whole.”

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The  Groundwork Collaborative is dedicated to advancing a coherent and persuasive progressive economic worldview and narrative capable of delivering meaningful opportunity and prosperity for everyone. Our work is driven by a core guiding principle: We are the economy. Groundwork Collaborative envisions an economic system that produces strong, broadly shared prosperity and power for all people, not just a wealthy few.

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