OVERALL UNEMPLOYMENT: 3.8%
AFRICAN AMERICA: 6.4%
LATINO AMERICA: 4.5%
EUROPEAN AMERICA: 3.4%
ASIAN AMERICA: 2.5%
Analysis: European Americans saw no change in their unemployment rate from March for the third straight month. Asian and Latino Americans saw an decrease of 90 basis points and 50 basis points, respectively. African Americans had an increase in their unemployment rate of 80 basis points for March.
AFRICAN AMERICAN UNEMPLOYMENT RATE BY GENDER & AGE
AFRICAN AMERICAN MEN: 6.2%
AFRICAN AMERICAN WOMEN: 5.6%
AFRICAN AMERICAN TEENAGERS: 20.1%
AFRICAN AMERICAN PARTICIPATION BY GENDER & AGE
AFRICAN AMERICAN MEN: 69.6%
AFRICAN AMERICAN WOMEN: 63.0%
AFRICAN AMERICAN TEENAGERS: 32.8%
Analysis: African American Men saw an increase in their unemployment rate by 10 basis points and African American Women increased by 120 basis points. African American Men and Women decreased their participation rate in March by 20 basis points and 40 basis points, respectively. African American Teenagers unemployment rate jumps by 470 basis points and 850 basis points over the past two months as their volatility continues. African American Teenagers also had their participation rate increase by 210 basis points up to their highest participation rate over the past five months.
African American Men-Women Job Gap: African American Women currently have 710,000 more jobs than African American Men in March. This is an decrease from 859,000 in February.
CONCLUSION: The overall economy added 303,000 jobs in February while African America lost 204,000 jobs. From CNBC, “This is another really strong report,” said Lauren Goodwin, economist and chief market strategist at New York Life Investments. “This report and the February report showed some broadening in terms of job creation, which is a very good sign.”
HBCU Money 