Overall Unemployment: 3.9%
African America: 5.8%
Latino America: 4.8%
European America: 3.5%
Asian America: 3.1%
Analysis: African Americans were the only group to see an increase in their unemployment rate from August with a 40 basis point increase. Asian and Latino American both had decreases in their unemployment rate with a 30 basis point decrease for both groups from August.
AFRICAN AMERICAN UNEMPLOYMENT RATE BY GENDER & AGE
African American Men: 5.3%
African American Women: 5.3%
African American Teenagers: 18.8%
AFRICAN AMERICAN PARTICIPATION BY GENDER & AGE
African American Men: 67.5%
African American Women: 63.6%
African American Teenagers: 31.0%
Analysis: African American Men and Women both saw and increase and decrease in their unemployment rates by 60 and 20 basis points, respectively. African American Men saw a 20 basis point increase in their participation rate from August while African American Women had a 10 basis point decrease in their participation rate from August. African American Teenagers remain an extremely volatile group with their unemployment rate skyrocketing by 710 basis points, but also seeing their participation rate increase by 260 basis points. For African American Teenagers both unemployment rate and participation rate are at 5 month highs.
African American Men-Women Job Gap: African American Women currently have 970,000 more jobs than African American Men in October. This is a increase from 739,000 in September.
CONCLUSION: The overall economy added 150,000 jobs in October. African America lost 15,000 jobs in October. From CNN, “Last month’s job gains are the lowest since June, but there is a caveat: The October total reflects a 35,000-job decline in the manufacturing sector, specifically 33,200 jobs lost in the motor vehicles and parts industry. Those declines were largely attributed to strike activity.”
HBCU Money 