Get 40% Off
👀 👁 🧿 All eyes on Biogen, up +4,56% after posting earnings. Our AI picked it in March 2024.
Which stocks will surge next?
Unlock AI-picked Stocks

Black workers in U.S. saw gains in June, but racial gap persists

Published 07/02/2021, 11:47 AM
Updated 07/02/2021, 01:12 PM
© Reuters. FILE PHOTO: People waiting in a line are seen reflected in a car window outside a newly reopened career center for in-person appointments in Louisville, Kentucky, U.S., April 15, 2021.  REUTERS/Amira Karaoud

By Jonnelle Marte

(Reuters) - The number of Black people either working or looking for work increased in June, U.S. employment data showed on Friday, a positive development for a group hit hard by pandemic job losses.

But the unemployment rate also ticked up, suggesting that many people who started looking for jobs haven't found one yet.

The labor force participation rate for Black workers rose to 61.6% in June from 60.9% in May as more people worked or searched for new jobs. The share of Black workers who were employed in June also rose to 55.9% from 55.4%. In contrast, the labor force participation rate for white workers dropped slightly.

The more rapid rebound in labor force participation for Black workers suggests that unemployment benefits may not be deterring Black people from looking for work, William Spriggs, an economics professor at Howard University and chief economist for the AFL-CIO labor group, wrote on Twitter.

The unemployment rate for Black workers rose slightly to 9.2%, up from 9.1% in May and mirroring a similar move in the overall unemployment rate, which rose to 5.9% in June from 5.8%.

Graphic: Black vs white unemployment - https://fingfx.thomsonreuters.com/gfx/mkt/nmopaxwbwva/black%20white%20unemployment%20june%202021.jpg

The gap between the Black unemployment rate and the white unemployment rate remained unchanged at 4 percentage points. That is down from 5 percentage points at the height of the pandemic but still twice as wide as it was in August 2019, when the gap between Black and white workers narrowed to a record low of 1.8 percentage points.

3rd party Ad. Not an offer or recommendation by Investing.com. See disclosure here or remove ads .

“We are still facing inequality,” Labor Secretary Marty Walsh said during a Reuters interview on Friday. “There is work to be done coming out of this pandemic to really make sure the recovery is equitable.”

The unemployment rates for Black and Hispanic workers are still 3 percentage points higher than they were before the pandemic, while the overall unemployment rate and the unemployment rate for white workers is up 2 percentage points from February 2020.

The racial disparities narrow a bit when looking at the number of people employed. Employment dropped more dramatically for Black and Hispanic workers at the start of the pandemic. But as of June, employment for Black, Hispanic and white workers was all down about 5% when compared to February 2020.

Graphic: Jobs by race - https://graphics.reuters.com/USA-ECONOMY/JOBS/xklvyxqbgpg/chart.png

Latest comments

No two fingers are equal. Try as you may, it will never work out unless you force 'right to equal results' AKA 'Reservations' everywhere & we slowly spiral towards incompetence & mediocrity towards systemic failure. What's not to love here my Chinese & Russian friends?! Enjoy!
What really exists is an education gap. If you're unwilling to educate yourself, what can you say?
Oh wow you have all the answers right!! They are just unwilling!!!! Bad assumptions.
Overall bearish 🐻🍺
Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.