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Friday, May 22, 2020
HomeNewsEconomyUnemployment for African Americans, Hispanics Fall to All-Time Lows

Unemployment for African Americans, Hispanics Fall to All-Time Lows

Job seekers wait to meet with employers at a career fair in New York City, October 24, 2012. (Photo: Reuters)
Job seekers wait to meet with employers at a career fair in New York City, October 24, 2012. (Photo: Reuters)

Job seekers wait to meet with employers at a career fair in New York City, October 24, 2012. (Photo: Reuters)

Unemployment rates for African Americans and Hispanics have fallen to the lowest levels ever recorded in the history of the report on the Employment Situation.

The Labor Department (DOL) via the Bureau of Labor Statistics (BLS) released the April jobs report on Friday, which shows unemployment for African Americans (6.6%) and Hispanics (4.4% ) have fallen to brand new all-time lows. For Hispanics, the unemployment rate mirrors the all-time low previously hit in July 2017.

Unemployment April 2018. [Source: Bureau of Labor Statistics (BLS) via Labor Department (DOL).]

Unemployment April 2018. [Source: Bureau of Labor Statistics (BLS) via Labor Department (DOL).]

The overall unemployment rate fell to 3.9%, the lowest it’s been since December 2000. The U-6 alternative unemployment rate fell to 7.8%, the lowest since July 2001. That indicates the U.S. economy has reverted back to a full-time economy, rather the crappy part-time

President Donald Trump famously campaigned for African American votes by asking, “What the hell do you have to lose?”

Written by
Staff Writing Group

PPD Business, the economy-reporting arm of People's Pundit Daily, is "making sense of current events." We are a no-holds barred, news reporting pundit of, by, and for the people.

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