Black and Hispanic mothers—36 percent and 30 percent, respectively—were disproportionately affected.
In a similar vein, labor force participation declined around 4 percentage points for Black and Hispanic women compared 4 1/3  BIS central bankers' speeches  to 1.6 percentage points for white women and about 2 percentage points for men overall.4 The Fed is focused on these long-standing disparities because they weigh on the productive capacity of our economy.