Year after BLM protests, S&P 100 added 323K jobs – 94% went to people of color

1. The year before this, 2020, saw disproportionately large job losses for non-white employees. It makes sense that the rebound would affect them disproportionately too.

2. People of the right age to retire or die/get disabled by Covid in large numbers are disproportionately white, while the people of the age to enter the workforce are disproportionately not, so it makes sense that job growth is mostly non-white.

Additionally, it looks like about a 50% of growth came from "less-senior jobs" This sector lost 19k white americans, while gaining 176k poc. With 60% of that sector's growth coming from hispanics. This sector houses "Sales, laborers, service workers and others." The higher sections that house "roles that typically require degrees" show different hiring patterns. With white americans making gains (that I believe are still disproportionatly low to their share of degree holders? Idk, someone else can do the math), and Asians making the most gains among managers and professionals.

I wish Bloomberg had mentioned how many people are actually employed at S&P 100 companies, I bet <150k professional+ highers is a drop in the bucket compared to their workforce.

Bloomberg also makes note that this trend may not have held past 2021 due to DEI being disincentived politically.

The article displays and explains its data well, though I wish they would have brought up the fact that Hispanics can totally be white. And given the title and the standfirst I expect this to start a lot of angry discussions online. Personally, I'd guess that a lot of the growth simply came from white hispanics and America's rapidly growing, highly educated asian population.

The breakdown by job category tells a different story from the headline. Whites were well represented in the growth of executives and professionals, but overall declined in the "less senior" category of laborers and service workers.

... White people still hold a disproportionate share of the top, highly paid jobs in the US at S&P 100 companies. But the share of executive, managerial and professional roles held by people of color increased by about 2 percentage points compared with 2020

... In 2021, companies were hiring lots of people while prioritizing diversity. Many have since cut jobs amid an economic slowdown just as a backlash to corporate diversity efforts grows."

This is a common analytical fallacy.

Far more than 323K jobs were added...they're talking about NET jobs added.