Black Unemployment Is The Lowest Its Ever Been, But It’s Still Higher Than White Unemployment
Black unemployment has hit an all-time low. According to CNN, employment among blacks is at 5.9 percent, the lowest its been since 1972.
Fortunately, this rate seems to be on a steady decline. In April, black unemployment was at 6.6 percent and by the end of May it dropped by 0.7 percent. The unemployment rate among blacks has dropped much more than the rate among whites in the past year. In 2017, black unemployment was at 7.6 percent and 3.7 percent for whites. This year, it has dropped 1.7 percent for blacks compared to a small 0.2 for whites, who are at 3.5 percent unemployment.
While this is good news, black unemployment is still higher than other ethnic groups. Unemployment among Latinos is 4.9 percent while its 2.9 percent among Asians.
When you look a little deeper into black unemployment, the rate of unemployed black men over 20 is 6.3 percent while its 3.2 percent for white men over 20.
The gap between black unemployment rates and those of other races seems to be closing but its a slow, slow process.