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Jobs Report: Economy Added 313,000 Jobs: Black Unemployment Rates Down
By Adedamola Agboola, BlackEnterprise.com
After a wild rise in the black unemployment rate in January, the new Labor Department reported a decrease in African American unemployment rate for the month of February.
Black unemployment fell to 6.9% from January’s 7.7% compared to white unemployment rate which slightly went up to 3.7%.
Unemployment rates for black men who are age 20 and older fell 21.3% to 1,408 persons with 12,112 still not in the labor force. It is still a far cry from white men’s 3.7% unemployment rate.
Unemployment among black women fell to 6.2% from January’s 6.6% compared to white women’s 3.3%. For black teenagers, ages 16 to 19 years old, unemployment rose from 24.3% to 27.2%.
While the U.S. economy added 313,000 jobs last month, the number of unemployed persons was essentially unchanged for the fifth straight month at 6.7 million (4.1 %).
While employment rose in the manufacturing and construction sector, it will be interesting to see how President Donald Trump’s announced tariff plans on steel and aluminum imports will impact the economy and manufacturing jobs.
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