And Black Americans are experiencing a particularly high unemployment rate. Plus: Energy capacity, bank lending, and free pay phones.
There are now more unemployed people than job openings, which is landing particularly hard on young jobseekers.
They’re more reluctant to make loans to companies whose industries are likely to be disrupted by AI.
Payphones are borderline extinct in the U.S., but the need for public phone access still exists.
Black unemployment is at 7.5%, 1.4% higher than one year ago. For Black women, the jobless rate is 1.9% higher. White unemployment, by contrast, has barely budged, up 0.2% since December 2024.
The U.S. and China are furiously building electrical capacity. It's not even close.
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