OVERALL UNEMPLOYMENT: 4.1%
AFRICAN AMERICA: 6.0%
LATINO AMERICA: 5.2%
EUROPEAN AMERICA: 3.8%
ASIAN AMERICA: 3.2%
Analysis: European Americans unemployment rate pushes higher to 3.8 percent, a return to its five month high. Asian Americans decreased 50 basis points and Latino Americans increased 40 basis points from January, respectively. African Americans unemployment rate decreased 20 basis points from January. This is the second lowest rate in the past five months.
AFRICAN AMERICAN UNEMPLOYMENT RATE BY GENDER & AGE
AFRICAN AMERICAN MEN: 5.5%
AFRICAN AMERICAN WOMEN: 5.4%
AFRICAN AMERICAN TEENAGERS: 19.2%
AFRICAN AMERICAN PARTICIPATION BY GENDER & AGE
AFRICAN AMERICAN MEN: 68.3%
AFRICAN AMERICAN WOMEN: 62.7%
AFRICAN AMERICAN TEENAGERS: 30.6%
Analysis: African American Men saw a decrease in their unemployment rate by 140 basis points and African American Women remain unchanged in February, respectively. African American Men decreased their participation rate in February by 70 basis points. African American Women increased their participation rate in February by 20 basis points, their highest participation rate in the past five months. African American Teenagers unemployment rate increased by 970 basis points. African American Teenagers saw their participation rate increase by 530 basis points in February, their highest participation rate in the past five months.
African American Men-Women Job Gap: African American Women currently have 793,000 more jobs than African American Men in February. This is a decrease from 806,000 in January.
CONCLUSION: The overall economy added 151,000 jobs in February while African America added 80,000 jobs. From CNBC, “The report comes amid efforts from Elon Musk’s Department of Government Efficiency to pare down the federal government, starting with buyout incentives and including mass firings that have impacted multiple departments. Though the reductions likely won’t be felt fully until coming months, the efforts are beginning to show. Federal government employment declined by 10,000 in February though government payrolls overall increased by 11,000, the BLS said. Many of the DOGE-related layoffs happened after the BLS survey reporting period, meaning they won’t be included until the March report. Outplacement firm Challenger, Gray & Christmas reported earlier this week that announced layoffs under Musk’s efforts totaled more than 62,000.”
Source: Bureau of Labor Statistics
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