by Chris Black
Did you hear the news?
It turns out that systemic racism exists after all.
In 2021, 94% of new corporate jobs in S&P 100 companies went to “people of color.”
There is currently no data available for how things went in 2022 and 2023.
For a brief moment in 2020, much of corporate America united around a common goal: to address the stark racial imbalances in their workplaces.
Mass protests sparked by the murder of George Floyd led to a flurry of company promises, both specific and vague, to hire and promote more Black people and others from underrepresented groups.
Exclusive analysis by Bloomberg News shows how many of the biggest public companies did.
The US Equal Employment Opportunity Commission requires companies with 100 or more employees to report their workforce demographics every year. Bloomberg obtained 2020 and 2021 data for 88 S&P 100 companies and calculated overall US job growth at those firms.
In total, they increased their US workforces by 323,094 people in 2021, the first year after the Black Lives Matter protests — and the most recent year for which this data exists.
The overall job growth included 20,524 White workers. The other 302,570 jobs — or 94% of the headcount increase — went to people of color. …
A comprehensive data set does not yet exist for 2022 because companies have until December to report their figures to the EEOC. …