Black Unemployment Rate Remains Above 11 Percent
Although the unemployment rate is reported to be steadily decreasing overall throughout the U.S., it still remains in the double-digits within the black community.
via News One
The overall unemployment rate ticked up to 6.2 percent in July from 6.1 percent. The unemployment rate for African-Americans remains in double digit figures, rising to 11.4 percent.
During the six straight months that have topped 200,000 job gains, more people have looked for work. In July, an additional 329,000 began looking, yet only 131,000 jobs were added, according to the Labor Department’s survey of households.
A consequence of the influx of job-seekers last month is that the unemployment rate rose for women, African-Americans, high school graduates and people with some college experience. But the overall trend for the past 12 months is clear: The unemployment rate is steadily dropping for almost everyone.
Hopefully the overall unemployment rate will continue to decrease and these effects will have a positive impact on the numbers in the black community.