Business

July’s unemployment rate for black men was 5.8 percent, the same as June

July’s unemployment rate for black men 20 and older was 5.8 percent, the same as June, but much lower than the 6.3 percent recorded for the same month a year ago. Nonfarm payrolls increased in July to 164,000.

The employment-population ratio—the number of black men 16 to 64 who were employed– was 64.5 percent in July, higher when compared to June’s 63.2 percent and July of 2018’s 64.4 percent, the U.S. Bureau of Labor Statistics reported.

Although unemployment among black men remained the same, joblessness among the group was higher when compared to men from other ethnic and racial groups.

For example, the unemployment rate for Hispanic men was 4.5 percent. The Asian jobless rate was 2.8 percent, but it is not broken down between men and women 20 and older. The unemployment rate for white men was 3.0 percent, BLS reported.

Job growth occurred in professional and technical services. This job category added 31,000 jobs in July and 300,000 jobs over 12 months. Health care added 30,000 jobs in July. However, manufacturing and construction employment remained flat.

Average hourly earnings for nonfarm employees rose 8 cents per hour in July to $27.98.

In July, 4 million individuals were working part-time for economic reasons, down from 363,000 over the month.

 

 

 

 

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