Black Unemployment Rises Amid Flood of Workers to Labor Force By Bloomberg
(Bloomberg) -- Black Americans were the only demographic group to see a rise in joblessness in August, an increase that coincided with a robust return to the workforce. The gains in labor participation among African Americans, driven by women, were one of the few signs of improvement in the U.S. job market in an August report that otherwise came up short of estimates. Still, the Black unemployment rate jumped to 8.8% from 8.2% in July. While it has fallen from a pandemic high of 16.7% last year, the rate remains well above the nation’s average. With...
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