Here’s How Jamie Dimon’s Black Diversity Claim Stacks Up

Jamie Dimon said Tuesday on CNBC that JPMorgan Chase & Co. has “done as well as almost any corporation out there” when it comes to black diversity. That’s not what the firm’s own numbers show.

The percentages of black employees and executives in the U.S. fell over the past five years at JPMorgan, Bloomberg News reported last month. Black diversity is going backward at several of the biggest U.S. banks, even as it’s grown across corporate America. Inside Dimon’s firm, black employees dropped last year to 13.7 percent of the U.S. workforce, the lowest at the bank in at least a decade and below the 2015 national figure.