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Economists say the rise in unemployment among Black Americans could be a troubling sign for the economy at large.
The Labor Department's recent report is concerning because Black folks are often the first to be hit by economic downturns in ...
Just like the workers on his construction projects, Donald Trump wrote the Black community a bad check during the campaign,” ...
While overall unemployment remained fairly steady at 4.2 percent, the unemployment rate for Black people rose sharply to 6.4 percent, the highest rate for all major worker groups.
The unemployment rate was 7.1% for all Black workers, in a stark contrast to the 3.2% unemployment rate for white workers, which has continued to fall for the fifth month in a row.
But the black unemployment rate is about 3 points higher than the national average. This makes the road to success steeper, and problems that develop along the way tend to compound. The thing is, the ...
RASCOE: When President Joe Biden said that last February, Black unemployment was 5.7%. A month later, it hit a record low of 5%, though still higher than the overall unemployment rate of 3.5%.
First, you see that the black unemployment rate has recovered more slowly than the white unemployment rate. Alone, that would seem to indicate that black people are having a harder time finding work.
On Friday, the unemployment rate surprisingly fell to 13.3% in May from April's record of 14.7%, the Labor Department said, which was the highest since the Great Depression.
Here's a graph of the ratio over time. The "100%" on the left axis indicates that the black unemployment rate is at least 100 percent higher than the white rate — in other words, twice as much.