Make It Plain with Mark Thompson

Deputy Treasury Secretary Wally Adeyemo, and Robert James, II, President of Carver Financial Corporation join.JobsThe Black unemployment rate was 5.7% in September, near historic lows. The Black unemployment rate was 9.3% when President Biden took office.2023 was the lowest year for Black unemployment on record.16 million jobs have been created since President Biden took office, including nearly 2.4 million jobs for Black workers—achieving one of the lowest gaps between Black and White unemployment on record.Prime-age Black women have seen their labor force participation rates climb by about 3% compared to pre-pandemic levels.Wages/WealthReal wages for Black Americans grew over 5% between 2019 and the four-quarters ending in Q3 2024.Black net worth is up 60% between 2019 and 2022 and the Black-white wealth gap is at its narrowest level in nearly 20 years.HousingBlack homeownership rates increased by 3.5 percentage points from 2019 through the four-quarters ending in Q2 2024. In the years of the Financial Cris