Authorizing the Committee on Finance to hold hearings on the state of the economy for Black women in Philadelphia

Authorizing the Committee on Finance to hold hearings on the state of the economy for Black women in Philadelphia WHEREAS, Black women, who are among the country’s most educated, have been hit particularly hard by the current economy. Unemployment for Black women has been rising over the last two years, and data from 2025 shows Black women lost 319,000 jobs in the public and private sector between February and July this year. This was the only female demographic group to see significant job losses during this period; and WHEREAS, The slashing of the federal workforce has been particularly damaging for Black workers. Black women make up 12 percent of the federal workforce, and layoffs have had a disproportionate impact on the overall job loss numbers. The National Women’s Law Center reviewed now-deleted Office of Personnel Management data and found the federal agencies targeted for closure had the highest percentages of women and people of color; and WHEREAS, Data from 2023 shows the gender pay gap persists in Philadelphia across every race and ethnic group with Black women earning 64 cents and Hispanic women earning 57 cents for every dollar earned by a white man, and national research shows the gender pay gap is worsening; and WHEREAS, Black women were the fastest growing demographic of entrepreneurs in the U.S. from 2014 to 2019. Research from Wells Fargo found Black-women-owned businesses employed 647,000 people nationally, but they also experience limited funding. If the …