Unemployment Hits All-Time Low for Blacks
The number of people employed in the United States hit a record 157,878,000 in August, the 21st record set under President Donald Trump, according to the employment report released today by the Bureau of Labor Statistics. . .
The unemployment rate held steady at 3.7 percent. For blacks, the unemployment rate dropped to a record low of 5.5 percent last month. And for Hispanics, the unemployment rate was 4.2 percent in August, which ties the record low set earlier this year.
In August, the civilian noninstitutional population in the United States was 259,432,000. That included all people 16 and older who did not live in an institution (such as a prison, nursing home or long-term care hospital). Of that civilian noninstutional population, 163,922,000 were in the labor force, meaning that they either had a job or were actively seeking one during the last month.
That boosted the labor force participation rate to 63.2 percent, which matches the Trump-era high set this past January and February. That’s a 0.2 percent gain from the 63.0 percent in July. . .
Among the major worker groups, BLS said, the unemployment rates for adult men (3.4 percent), adult women (3.3 percent), teenagers (12.6 percent), Whites (3.4 percent), Blacks (5.5 percent), Asians (2.8 percent), and Hispanics (4.2 percent) showed little or no change in August, although — as noted above — it’s never been better for blacks and Hispanics. (Read more from “Unemployment Hits All-Time Low for Blacks” HERE)
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