AFL-CIO Chief Economist Dr. Darrick Hamilton issued the following statement on the July jobs report from the Bureau of Labor Statistics:

Average job growth over the past three months has fallen to its lowest level in more than a decade. Core sectors of the economy—manufacturing, government, retail and mining—are hemorrhaging jobs. Without modest gains in the health care and social assistance sectors, we’d be facing three straight months of net job loss. And yet, in the midst of this instability, the administration has pushed through what will likely be the largest health care cut in American history. And this data doesn’t yet capture the ripple effects of mass federal layoffs or the full force of recent budget cuts.

Over the past two months, the Black unemployment rate has jumped by a full percentage point and now stands at more than 7%, nearly double the national rate of 4.2%. For Black workers, the picture is not only a reflection of persistent racial bias—it may also be a harbinger of something more ominous. This disparity isn’t new—it’s a long-standing feature of a racialized economy. But historically, sharp economic distress in Black communities has often preceded broader downturns. If that pattern holds, we’re not just looking at a crisis for Black workers—we’re staring down a warning for the entire economy.

This isn’t a neutral stagnation. It’s the product of policy choices: disinvestment in public infrastructure, attacks on the safety net and a governing strategy that protects concentrated wealth while leaving working people increasingly vulnerable.