Black Unemployment Falls to Year Low of 12.6%
Although it rose in June to 13.7%, the black unemployment rate fell in July to 12.6%, a low for the year:
U.S. employers added 162,000 jobs in July, the fewest since March. The gains were enough to lower the unemployment rate to a 4½ -year low of 7.4 percent, a good sign in an otherwise lackluster report.
The Labor Department said Friday that unemployment fell from 7.6 percent in June as more Americans found jobs.
Still, the economy created 26,000 fewer jobs in May and June than previously estimated. Americans worked fewer hours in July, and their pay dipped. The figures suggest weak economic growth may be making businesses cautious about hiring.
It should also be noted that the unemployment for black women went from 12.0% to 10.5%.
Will this unemployment rate among blacks continue to diminish?
Are folks finding quality employment?
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