Report: Black unemployment improving drastically

Support our flag. Get the bumper sticker. CLICK HERE

While an initial analysis of job growth in December fell below expectations, a recent report from Business Insider shows that unemployment amongst black Americans hit a record low of 6.8%.

Additionally, unemployment remained at just above 4%, constituting a 17-year record low.

Business Insider reports the following:

“The US economy added 148,000 jobs in December, fewer than expected, according to a report Friday from the Bureau of Labor Statistics. 

The unemployment remained at 4.1%, a 17-year low that supports the Federal Reserve’s assertion that the economy is near full employment. The black unemployment rate fell to a record low of 6.8%.

A plunge in retail jobs, by 20,300, weighed on the labor market as brick-and-mortar stores continued to close. 

Still, December was the 87th straight month that employers hired more people than they fired, extending the longest-ever stretch of job growth on record. The economy created 2.06 million jobs last year.”

For more on this story, click the "read more" button below.

READ MORE

"BUILD THE WALL" bumper stickers now on sale. (BUY NOW)

If you would like to receive Breaking News text alerts on a smartphone or tablet, download the DML APP which is completely FREE and easy to use. Go to the Google Play Store or the IOS App Store and search for DML APP. Be sure to keep the app’s notifications setting on. Another way to receive alerts is to text to 40404 the following message: follow @realdennislynch (be sure to put a space between the word follow and the @ symbol).

To see more stories like this, sign up below for Dennis Michael Lynch’s email newsletter.







 

Comment via Facebook

 

Comment via Disqus

Send this to a friend