Unemployment jumps to 13% for African-Americans
posted at 10:48 am on September 6, 2013 by Ed Morrissey
CNS’ Terence Jeffrey finds a mostly-overlooked piece of very bad news from the August jobs report. The overall U-3 unemployment rate may have edged downward, but unemployment among African-Americans jumped four-tenths of a percent, and more than 200,000 jobs were lost in that demographic:
The unemployment rate in the African American community climbed from 12.6 percent in July to 13.0 percent in August, according to data released today by the Bureau of Labor Statistics.
At the same time, the number of African Americans 16 year or older who held jobs dropped from 16,318,000 in July to 16,108,000 in August–a decline of 210,000.
The labor force participation rate dropped more dramatically in this demo as well:
The labor force participation rate in the African American community dropped from 61.4 percent in July to 60.8 percent in August. The 60.8 percent African American labor force participation rate in August was the lowest that rate has been since July 1982.
When President Barack Obama took office in January 2009, the African American labor force participation rate was 63.3 percent.