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Businesses add 142,000 jobs in September, and black jobless rate declines

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The nation’s nonfarm businesses added 142,000 jobs in September, but the Economic Policy Institute, a non-partisan think tank based in Washington, D.C., called the report disappointing.

“September’s numbers bring average monthly job creation to 198,000 in 2015, a rate slower than 2014,” EPI reported. “Hope for upward revisions to the low August numbers were revised downward by a combined 59,000 fewer jobs.”

During September, the unemployment rate for black men 20 years old and older dropped to 8.9% compared to 9.2% in August, the U.S. Bureau of Labor Statistics reported Friday.

The jobless rate for black women 20 years old and older was 8.0% in September, down from 8.1% in August. The overall black unemployment rate was 9.2% in September, down from 9.5% in August, BLS reported.

The jobless rate for black men and black women remains much higher than that of other ethnic and racial groups. The jobless rate for Asians was 3.6% and 4.1% for white men 20 and older. For white women 20 and older, it was 3.9%.

The jobless rate for Hispanic men 20 and older was 5.5% and for Hispanic women, it was 6.3%.

The Economic Policy Institute noted that the civilian labor-force participation declined last month. There were 635,000 discouraged workers last month. Discouraged workers are people who have given up looking for a job.

The unemployment rate remained a 5.1%.

 

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