'Full Employment' Has Not Reached Black America

“We have more jobs in the U.S. than we have people to fill them. This is what economists mean by full employment and it should be a cause for celebration. When more people are working, wages increase—especially for low-wage earners, according to a Federal Reserve report. Very low unemployment (referring to people who do not have a job, but have been actively looking for work in the past four weeks) can foreshadow price inflation as employers make up for lost profits due to increased personnel costs. Consequently, the Federal Reserve can increase interests rates as an attempt to curtail that behavior, but in general the more people working the better it is for families, communities and the country.”