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The record low for the Black or African American unemployment rate, 4.8%, was set under Biden in April 2023. That beat the Trump-era low that was a record at the time, 5.3% in August 2019 and ...
But the recovery for Black Americans has lagged over the past two years. As of December 2021, the Black unemployment rate stood at 7.1%, still well away from pre-pandemic levels.
When the peak pandemic period (April 2020 to October 2021) is excluded, Black unemployment averaged 5.86 percent under Biden and 6.65 percent under Trump. Black homeownership averaged 42.2 percent ...
The White House press secretary also highlighted that since taking office in January 2021, the Black unemployment rate dropped from 9.2% to 5.9%. She explained, “2.3 million more Black Americans ...
The New York Times reported some of the causes and consequences of higher black unemployment in February 2018: "Even at the low of 6.8 percent recorded in December [2017] — it climbed back to 7.7 percent in January — the unemployment level for black Americans would qualify as a near crisis for whites. And the relative gains have not erased ...
And the share of Black people who were employed in August, known as the employment to population ratio, reached 56.2%, up from 54.7% in January. Black unemployment setback shows Fed's challenges ...
The unemployment rate for Blacks increased by 0.7 percentage point to 9.9% in February, reversing two months of improvements and widening the gap between the white unemployment rate.
The Black unemployment rate rose to 6.0%. The U.S. Black unemployment rate hit a 10-month high in June, driven in large part by Black workers leaving the labor market, a development some ...