Unemployment Rate for Black Americans Reaches Record Low; Hispanic Rates Tie Record Low Reached Earlier in 2019
The Bureau of Labor Statistics released astounding numbers today in its employment report. “The number of people employed in the United States his a record 157,878,000 in August, the 21st record set under President Donald Trump.”
August saw an increase of 590,000 people employed from July. While the unemployment rate held steady at 3.7 percent, the unemployment rate for black Americans “dropped to a record low of 5.5 percent” in August.
Promising optimism was also recorded for the Hispanic population, whose “unemployment rate was 4.2 percent in August, which ties the record low set earlier this year.”
Also in August, the labor force participation, defined as people “either had a job or were actively seeking one” was boosted to 63.2 percent. That percentage “matches the Trump-era high set this past January and February.”
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