Black unemployment rate falls to record low
Carol Ozemhoya | OW Contributor | 1/8/2018, 4:52 p.m.
Unemployment among Black workers is at its lowest since at least the early 1970s, when the government began tracking the data, reports CNBC. The Black unemployment rate of 6.8 percent in December was the lowest since the Bureau of Labor Statistics started tracking it in 1972, a year in which the rate ranged from 11.2 percent to 9.4 percent. In the 45 years that the data has been tracked, the unemployment rate for Black or African-American workers aged 16 years and older has never fallen below 7 percent. Through last year, the Black unemployment rate rose to 8 percent in March and fell back to 7 percent in September before falling again in December. The unemployment rate for white workers was 3.7 percent in December. Overall, non-farm payrolls rose 148,000 in December, falling short of the 190,000 expected, according to data released Friday. The national unemployment rate was 4.1 percent.