Black unemployment rate drops to 5%

by

FILE - President Joe Biden speaks about jobs during a visit to semiconductor manufacturer Wolfspeed Inc., in Durham, N.C., Tuesday, March 28, 2023. Biden keeps seeing good economic news and bad public approval ratings. The unemployment rate fell to 3.5% in March. More than 236,000 jobs were added. But there has been no political payoff for the president. (AP Photo/Carolyn Kaster, File)
Reading Time: < 1 minute

The Black unemployment rate fell to 5% in March, down from 5.7% in February, the Bureau of Labor Statistics reported. This marks the lowest rate for Black unemployment since 1972 when data started being recorded by race.

White unemployment stood at 3.2%. Historically, the Black unemployment rate has consistently been double that of the white rate. This 2-to-1 disparity has remained largely constant for decades, a trend the Center for American Progress attributes to structural racism.

In a statement, President Joe Biden said, “Thanks to the policies we have put in place, the recovery is creating good jobs that you can raise a family on, which is pulling more Americans into the labor force.”


Click play to listen to the AURN News report from Clay Cane. Follow @claycane & @aurnonline for more.

advanced divider
advanced divider
Advertisement