June’s jobless rate for black men 20 and older drops as companies add 244,000 jobs

The nation’s nonfarm businesses added 244,000 jobs in June, sharply reducing the unemployment rate for black men 20 and older, the U.S. Bureau of Labor Statistics reported Friday.

The jobless rate for black men in this age group was 5.8%, down from 6.3% in May. June’s rate also was down from 6.2 percent compared to the same month a year ago, BLS reported.

Still, the unemployment rate for black men in this age group was much higher this month compared to white men (2.9 percent), Hispanic men (3.6 percent) and Asians (2.1%percent).

June’s overall jobless rate among black men and women was 6.0 percent, possibly because of the lower unemployment rate of 5.8 percent for black women 20 and older. His was down from May’s 6.3%.

The national unemployment was 3.7 percent.

Professional business services, health care, transportation, and warehousing added workers.

Among the unemployed, the number of people searching for 27 weeks was little changed in June at 1.4 million. The long-term unemployed accounted for 23.7 percent of the unemployed, BLS reported. In June, 4.3 million people were working part-time for economic reasons.

The overall labor participation rate was 62.9 percent. For black men, the labor participation was 67.1 percent in June compared to 68.0 percent in May.

Average hourly wages earnings for all employees on private payrolls rose by 6 cents in June to $27.90, following a 9-cent gain in May, BLS reported.

Leave a Comment

Your email address will not be published. Required fields are marked *


Follow our videos