Tag Archives: unemployment by race

African America’s March 2025 Jobs Report – 6.2%

Posted on April 7, 2025 by | Leave a comment

OVERALL UNEMPLOYMENT: 4.2%

AFRICAN AMERICA: 6.2%

LATINO AMERICA: 5.1%

EUROPEAN AMERICA: 3.7%

ASIAN AMERICA: 3.5%

Analysis: European Americans unemployment rate slips lower to 3.7 percent. Asian Americans increased 30 basis points and Latino Americans decreased 10 basis points from February, respectively. African Americans unemployment rate increased 20 basis points from February.

AFRICAN AMERICAN UNEMPLOYMENT RATE BY GENDER & AGE

AFRICAN AMERICAN MEN: 6.1%

AFRICAN AMERICAN WOMEN: 5.1% 

AFRICAN AMERICAN TEENAGERS: 20.8%

AFRICAN AMERICAN PARTICIPATION BY GENDER & AGE

AFRICAN AMERICAN MEN: 69.3%

AFRICAN AMERICAN WOMEN: 60.9%

AFRICAN AMERICAN TEENAGERS: 30.9%

Analysis: African American Men saw a increase in their unemployment rate by 60 basis points and African American Women after three months of unchanged unemployment rate saw a increase by 30 basis points in March, respectively. African American Men increased their participation rate in March by 100 basis points, their five month high. African American Women decreased their participation rate in March by 180 basis points, their lowest participation rate in the past five months. African American Teenagers unemployment rate increased by 160 basis points. African American Teenagers saw their participation rate increase by 30 basis points in March, their highest participation rate in the past five months for the second straight month.

African American Men-Women Job Gap: African American Women currently have 430,000 more jobs than African American Men in March. This is a decrease from 793,000 in February. This is the lowest ever reported gap by HBCU Money since we began tracking the data.

CONCLUSION: The overall economy added 228,000 jobs in March while African America lost 176,000 jobs. This was led by African American Women losing 266,000 jobs in March dropping their employed to the lowest number in the past five months. From Reuters, “The U.S. economy added far more jobs than expected in March, but President Donald Trump’s sweeping import tariffs could undermine the labor market’s resilience in the months ahead amid sagging business confidence and a stock market selloff.”

Source: Bureau of Labor Statistics

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African America’s February 2025 Jobs Report – 6.0%

Posted on March 15, 2025 by | Leave a comment

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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African America’s January 2025 Jobs Report – 6.2%

Posted on February 19, 2025 by | Leave a comment

OVERALL UNEMPLOYMENT: 4.0%

AFRICAN AMERICA: 6.2%

LATINO AMERICA: 4.8%

EUROPEAN AMERICA: 3.5%

ASIAN AMERICA: 3.7%

Analysis: European Americans unemployment rate pushes lower to 3.5 percent, its lowest rate in the past five months for the second month in a row. Asian Americans increased 20 basis points and Latino Americans decreased 30 basis points from December, respectively. African Americans unemployment rate increased 10 basis points from December. This is the second highest rate in the past five months.

AFRICAN AMERICAN UNEMPLOYMENT RATE BY GENDER & AGE

AFRICAN AMERICAN MEN: 6.9%

AFRICAN AMERICAN WOMEN: 5.4% 

AFRICAN AMERICAN TEENAGERS: 9.5%

AFRICAN AMERICAN PARTICIPATION BY GENDER & AGE

AFRICAN AMERICAN MEN: 69.0%

AFRICAN AMERICAN WOMEN: 62.5%

AFRICAN AMERICAN TEENAGERS: 25.3%

Analysis: African American Men saw an increase in their unemployment rate by 130 basis points and African American Women remain unchanged in January, respectively. African American Men increased their participation rate in January by 80 basis points bringing a halt to a four month decline. African American Women increased their participation rate in January by 10 basis points. African American Teenagers unemployment rate decreased by an unprecedented 1,070 basis points. African American Teenagers saw their participation rate decrease by 420 basis points in January, their lowest participation rate in the past five months.

African American Men-Women Job Gap: African American Women currently have 806,000 more jobs than African American Men in January. This is an increase from 757,000 in December.

CONCLUSION: The overall economy added 143,000 jobs in January while African America added 234,000 jobs. From Yahoo Finance, “Recent data has shown the labor market slowing but not rapidly deteriorating, as layoffs remain low. Economists have largely argued the recent string of labor market data fits the “broadly stable” labor market narrative Fed Chair Jerome Powell described in his most recent press conference on Jan. 29. “It’s a low-hiring environment,” Powell said. “So if you have a job, it’s all good. But if you have to find a job, the job-finding rate, the hiring rates have come down.”

Source: Bureau of Labor Statistics

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African America’s December 2024 Jobs Report – 6.1%

Posted on January 13, 2025 by | Leave a comment

OVERALL UNEMPLOYMENT: 4.2%

AFRICAN AMERICA: 6.1%

LATINO AMERICA: 5.1%

EUROPEAN AMERICA: 3.6%

ASIAN AMERICA: 3.5%

Analysis: European Americans unemployment rate pushes lower to 3.6 percent, its lowest rate in the past five months. Asian Americans decreased 30 basis points (lowest among all groups) and Latino Americans decreased 20 basis points from November, respectively. African Americans unemployment rate decreased 30 basis points from November. Over the past five months this is African America’s median unemployment rate.

AFRICAN AMERICAN UNEMPLOYMENT RATE BY GENDER & AGE

AFRICAN AMERICAN MEN: 5.6%

AFRICAN AMERICAN WOMEN: 5.4% 

AFRICAN AMERICAN TEENAGERS: 20.2%

AFRICAN AMERICAN PARTICIPATION BY GENDER & AGE

AFRICAN AMERICAN MEN: 68.2%

AFRICAN AMERICAN WOMEN: 62.4%

AFRICAN AMERICAN TEENAGERS: 29.5%

Analysis: African American Men saw a decrease in their unemployment rate by 40 basis points and African American Women decreased by 50 basis points. African American Men decreased their participation rate in December by 50 basis points, a fourth month decline. African American Women increased their participation rate in December by 10 basis points. African American Teenagers unemployment rate increased by 210 basis points. African American Teenagers saw their participation rate increase by 170 basis points in December, their highest participation rate in the past five months after their lowest in five months last month.

African American Men-Women Job Gap: African American Women currently have 757,000 more jobs than African American Men in December. This is an increase from 640,000 in November.

CONCLUSION: The overall economy added 256,000 jobs in December while African America added 84,000 jobs. From CNN, “The selloff comes as the economy added 256,000 jobs in December, far outpacing expectations of around 153,000 jobs. While strong job growth signals a healthy economy, it raises the question of how soon the central bank needs to cut interest rates again. Additionally, President-elect Donald Trump’s proposed tariff policies, including reports of declaring a national economic emergency to impose widespread tariffs, has spooked investors, sending bond yields surging.”

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African America’s November 2024 Jobs Report – 6.4%

Posted on December 9, 2024 by | Leave a comment

OVERALL UNEMPLOYMENT: 4.2%

AFRICAN AMERICA: 6.4%

LATINO AMERICA: 5.3%

EUROPEAN AMERICA: 3.8%

ASIAN AMERICA: 3.8%

Analysis: European Americans unemployment rate has been at 3.8 percent for four of the past five months. Asian Americans decreased 10 basis points and Latino Americans increased 20 basis points from October, respectively. African Americans unemployment rate increased 70 basis points from October. This is the highest African American unemployment rate in the past five months.

AFRICAN AMERICAN UNEMPLOYMENT RATE BY GENDER & AGE

AFRICAN AMERICAN MEN: 6.0%

AFRICAN AMERICAN WOMEN: 6.0% 

AFRICAN AMERICAN TEENAGERS: 18.1%

AFRICAN AMERICAN PARTICIPATION BY GENDER & AGE

AFRICAN AMERICAN MEN: 68.7%

AFRICAN AMERICAN WOMEN: 62.3%

AFRICAN AMERICAN TEENAGERS: 27.8%

Analysis: African American Men saw an increase in their unemployment rate by 30 basis points and African American Women increased by 110 basis points. African American Men decreased their participation rate in November by 60 basis points. African American Women decreased in their participation rate in November by 30 basis points. African American Teenagers unemployment rate increased by 90 basis points. African American Teenagers saw their participation rate decrease by 120 basis points in November, they are now at their second lowest participation rate in the past five months.

African American Men-Women Job Gap: African American Women currently have 640,000 more jobs than African American Men in November. This is an decrease from 693,000 in October.

CONCLUSION: The overall economy added 220,000 jobs in November while African America lost 276,000 jobs. From Yahoo! Finance, “Hurricanes and a strike by Boeing (BA) workers weighed heavily on the October report, which was revised to show there were 36,000 jobs created last month. The unemployment rate stood at 4.1% in October. Job growth for September was also revised higher on Friday, with revisions now indicating the US economy added 56,000 more jobs than initially reported over those two months.”

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