Source: Joyce Jones / BET
The African-American unemployment rate for August rose to 13.3 percent from 12.6 percent in July, according to figures released by the U.S. Labor Department. The national unemployment rate fell slightly from 7.4 percent to 7.3 percent.
In addition, the economy added 169,000 jobs in August, a lower figure than the 178,000 jobs ADP in its monthly report on employment trends had estimated.
Heidi Shierholz, an economist at the Economic Policy Institute, cautioned against making too much of the hike in Black unemployment. The reality is that the dip from 13.7 percent to 12.6 percent in July was more of a false positive than reason to be optimistic. The numbers tend to be volatile month to month, she explained, because of the small sample pool of people used to determine the rate.
“I don’t think the big drop last month represented an improvement the same way I don’t think this partial reversal this month represents that dramatic of a deterioration,” Shierholz said.
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