All Sept. Black Job Gains Made by Women

Your Take: Still, black employment is up overall, as is total U.S. employment, says an economist.

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Alongside hiring, wages grew by 7 cents in September for an annualized quarterly rate of growth of 1.6 percent. However, this means that workers are not seeing real earnings gains, since the rate of inflation over the past year -- as measured by the Consumer Price Index for all urban consumers -- rose by 1.8 percent.

These data show that in the wake of a massive recession caused by a financial crisis like the one we have lived through in recent years, the best antidote to high unemployment is deficit spending until the unemployment rate comes down.

Heather Boushey is senior economist at the Center for American Progress Action Fund.

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