Black unemployment hits historic low

(NewsNation) — The latest unemployment numbers show a surprisingly strong labor market, with unemployment for Black Americans hitting a record low.

The latest round of unemployment numbers defied predictions, with the rate continuing to drop even as inflation continues to soar.

Overall unemployment hit 3.4%, a number that is as low or lower than anything seen since 1969. For Black Americans, unemployment rates hit historic lows. Black men ages 20 and older had an unemployment rate of 4.5%, which is the lowest on record and the first time the unemployment rate for that group has been under 5% since the government began using the current unemployment tracking system in 1972.

Black women in the same age range saw unemployment rise slightly to 4.4%. Black unemployment rates have typically been higher than rates for white workers by as much as 50%, due largely to Read Entire Article