by Frederick H. Lowe,
Special from <BlackMansStreet.Today>
<TriceEdneyWire.com> – The jobless rate for Blacks dropped, but not far enough to catch up with other ethnic groups. The August jobless rate for Black men fell to five percent compared to the seasonally adjusted average in August 2022 to six percent, according to the U.S. Bureau of Labor Statistics.
The unemployment rate for Black women was a seasonal adjusted 4.7% in August compared with 5.9% in August 2022.
Employment continued to trend up in health care, leisure and hospitality, social assistance, and construction. Employment in transportation and warehousing declined.
The unemployment rate for Blacks compared with Whites, Hispanics, and women was much higher.
The jobless rate for Whites is 3.4%, and for Asians is 3.1%. The rates for both groups rose in August. The unemployment rate for Hispanic men is 4.3% and 4.4% for Hispanic women.
The jobless rate for adult women stands at 3.2%; for teenagers, 12.2%; for Blacks, five percent; and for Hispanics the rate it was 4.9% and 4.4% for Hispanic women.