African America’s June 2024 Jobs Report – 6.3%

OVERALL UNEMPLOYMENT: 4.1%

AFRICAN AMERICA: 6.3%

LATINO AMERICA: 4.9%

EUROPEAN AMERICA: 3.5%

ASIAN AMERICA: 4.1%

Analysis: European Americans unchanged for a third month in their unemployment rate. Asian Americans saw an increase of 100 basis points and Latino Americans saw a negligible decrease of 10 basis points from June, respectively. African Americans had an increase in their unemployment rate of 20 basis points for June, a third straight month of increases and second highest in the past five months.

AFRICAN AMERICAN UNEMPLOYMENT RATE BY GENDER & AGE

AFRICAN AMERICAN MEN: 6.1%

AFRICAN AMERICAN WOMEN: 5.7% 

AFRICAN AMERICAN TEENAGERS: 16.9%

AFRICAN AMERICAN PARTICIPATION BY GENDER & AGE

AFRICAN AMERICAN MEN: 69.1%

AFRICAN AMERICAN WOMEN: 62.3%

AFRICAN AMERICAN TEENAGERS: 29.3%

Analysis: African American Men saw a decrease in their unemployment rate by 30 basis points and African American Women increased by 50 basis points. African American Men increased their participation rate in June by 80 basis points. African American Women decreased in their participation rate in June by 60 basis points. African American Teenagers unemployment rate increased by a volatile 300 basis points. African American Teenagers saw their participation rate decrease by 290 basis points in June, they are now at their lowest participation rate in the past five months.

African American Men-Women Job Gap: African American Women currently have 646,000 more jobs than African American Men in June. This is an decrease from 924,000 in May.

CONCLUSION: The overall economy added 206,000 jobs in June while African America lost 73,000 jobs. This is Africa America’s lowest employment in five months with declines in four out of the past five months. From PBS, “Meanwhile, the U.S. economy added more jobs than expected last month, marking the 42nd consecutive month of job growth; 206,000 new jobs were added in June. Government hiring accounted for more than a third of those, followed by health care, social assistance and construction. Unemployment also inched up to 4.1 percent, making it the first time it’s risen above 4 percent in more than two years.”