DawnODay
Literotica Guru
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- Dec 19, 2015
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The U.S. economy continued to add jobs at a solid clip in May, with nonfarm payrolls up 223,000 and the unemployment rate falling to an 18-year low of 3.8 percent, the Bureau of Labor Statistics reported Friday....
Unemployment for blacks fell to a record-low 5.9 percent....
J. Cox, Nonfarm payrolls increase by 223,000 in May, vs 188,000 estimate, CNBC (Jun. 1, 2018) (emphasis added).
The overall unemployment rate hit 3.8 percent, the lowest it has been since April 2000. Since 1955, after a postwar period of below-3-percent unemployment, the rate has been lower than it is now — 3.8 percent — in 27 months. Before 2000, the most recent time the unemployment rate was so low was in 1970.
But another metric hit a historic number. The unemployment rate among black Americans is now at 5.9 percent, the lowest it has ever been recorded....
Perhaps as important, the black unemployment rate has never been closer to the white unemployment rate....
Usually when black unemployment draws closer to white unemployment, it’s a function of spiking white unemployment rates. That’s not the case now.
As of May, the black unemployment rate is 2.4 points higher than the white unemployment rate, the first time it has ever been less than 3 points higher.
But another metric hit a historic number. The unemployment rate among black Americans is now at 5.9 percent, the lowest it has ever been recorded....
Perhaps as important, the black unemployment rate has never been closer to the white unemployment rate....
Usually when black unemployment draws closer to white unemployment, it’s a function of spiking white unemployment rates. That’s not the case now.
As of May, the black unemployment rate is 2.4 points higher than the white unemployment rate, the first time it has ever been less than 3 points higher.
P. Bump, The black unemployment rate has never been closer to the white unemployment rate, Washington Post (Jun 1, 2018) (emphasis added).