January 11, 2025
The drop comes after a troubling increase for the black community in November.
By: According to a new report from CNBC, the unemployment rate for black women finally fell in December after a consistent and alarming rise in November.
The unemployment rate for black women fell from 5.9% in November to 5.4% in December, ahead of the unemployment rate for the population, which rose by nearly a full percentage point.
The labor participation rate, which includes both those employed and those actively looking for work, rose to 62.4%.
Experts attributed the change to a surprise increase in nonfarm payrolls, which rose to 256,000 in December and around the holiday season, quickly beating economists’ forecasts of just 155,000 is about labor market stability and may have affected black women as well.
How? reports According to UCA, the nonfarm payroll is a value that measures the number of workers in the United States, excluding only those who work in agriculture, private households, nonprofit organizations, and sole proprietorships or self-employment, and those who are certified. active servicemen. The cost is roughly 80% of the total workers who contribute to our nation’s gross domestic product, which includes the majority of black women.
Nationally, the unemployment rate for black workers overall was in line with the trend for black women, and also fell in December to 6.1%, down from 6.4% in November and 5.7% in October.
Elise Gould, senior economist at the Economic Policy Institute, spoke about the worrying trend in November and the preceding months. “There are some concerns about the rising black unemployment rate. It’s still significantly higher than for other groups, and that’s still a concern, but nothing in this report is particularly problematic.”
In addition to black women, black men also saw improvements.The unemployment rate for black men fell to 5.6% in December from 6% in November, although the group’s labor force participation rate fell to 68.2% at the end of the year from 68.7% in November. from
By comparison, the unemployment rate for white workers fell even further, from 3.8% in December to just 3.6%, underscoring racial inequality in the labor force.
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