Black unemployment falls to its lowest level since the end of the Great Recession
The unemployment rate for blacks fell to 10.1 percent in March, new data from the Bureau of Labor Statistics show.
It’s the lowest reading since the end of the Great Recession.
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For black males, the rate hit 10 percent in March, the second consecutive month touching a post-recession low. The rate actually climbed for black women, to 9.2 percent from 8.9 percent. The post-recession low for that group came in December when it hit 8.2 percent.
Here’s the overall black unemployment rate chart.
The black-white unemployment rate gap also narrowed again to its post-recession low of 5.4 percentage points — although this is still quite large. The unemployment rate for whites was unchanged at 4.7 — the post-recession low for that group as well.
The unemployment rate for Hispanics climbed 2 basis points to 6.8 percent for March. The post-recession low for that group came in December when the rate hit 6.5 percent.
(HT @TheStalwart)
Rob covers business, economics and the environment for Fusion. He previously worked at Business Insider. He grew up in Chicago.