Discover and read the best of Twitter Threads about #restrictive
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Today’s #JobsReport revealed an #economy that is producing #jobs at a slower pace than it has over the prior several months.
That said, a historic number of jobs have been created in this recovery since the fall of 2020, so a slowing in the pace of #growth isn’t unexpected.
As we approach the @federalreserve’s monetary policy conference at #JacksonHole this week, a question we’ve been asking ourselves is whether the abundance of survey-based, and goods-oriented, #economic data may be overstating the weakness in the #economy as a whole?
Without question, many broad-based surveys, including those focused on #ConsumerConfidence and small #business optimism, are painting a very bleak picture of the #economic trajectory. 
And at the same time, many goods/manufacturing sector data points are portending continued significant weakening of the sector.
Let’s talk about this City’s history with #exclusionary #land use and zoning laws. #Redlining
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Across the country, including Seattle, #racially #restrictive housing covenants became common in the 1920s. Those covenants were challenged in the courts and in 1926 our U.S. Supreme Court put a stamp of approval on those racially restrictive covenants.
Layered on top of these covenants were financial lending policies that prevented the sale of a single-family home located in a racially restricted area from being sold to a non-white person. This is how #redlining came to be in #Seattle and across the Country.
