Black Unemployment at Lowest Rate in 17 Years
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Title : Black Unemployment at Lowest Rate in 17 Years
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You are now reading the article Black Unemployment at Lowest Rate in 17 Years With link address https://newstoday-ok.blogspot.com/2017/06/black-unemployment-at-lowest-rate-in-17.html
Title : Black Unemployment at Lowest Rate in 17 Years
link : Black Unemployment at Lowest Rate in 17 Years
newstoday-ok.blogspot.com ~In the months since Donald Trump became America's 45th president, the unemployment rate among black people has hit the lowest number since 2000.
In February, the Bureau of Labor Statistics (BLS) reported the black unemployment rate at 8.1, but the number dropped to 8.0 in March, 7.9 in April, and 7.5 in May.
During most of Barack Obama's presidency, black unemployment was in double digits, hitting a high mark of 16.8 in March 2010. Between July 2008 (during the financial crisis) and February 2015, the rate remained above 10 percent.
Black unemployment has not been this low since December 2000, when 7.4 percent of African-Americans looking for work were unable to find it.
This good news should be taken with a grain of salt, however, because the workforce participation rate remained low in May, at 62.7 percent. It is possible that many people stopped looking for work, just as others found good jobs.
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In February, the Bureau of Labor Statistics (BLS) reported the black unemployment rate at 8.1, but the number dropped to 8.0 in March, 7.9 in April, and 7.5 in May.
During most of Barack Obama's presidency, black unemployment was in double digits, hitting a high mark of 16.8 in March 2010. Between July 2008 (during the financial crisis) and February 2015, the rate remained above 10 percent.
Black unemployment has not been this low since December 2000, when 7.4 percent of African-Americans looking for work were unable to find it.
This good news should be taken with a grain of salt, however, because the workforce participation rate remained low in May, at 62.7 percent. It is possible that many people stopped looking for work, just as others found good jobs.
More
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You are now reading the article Black Unemployment at Lowest Rate in 17 Years With link address https://newstoday-ok.blogspot.com/2017/06/black-unemployment-at-lowest-rate-in-17.html