Digging through the demographic data
in the latest job numbers, one of the clear winners of the last few
months has been black women. Since December, they’ve knocked more than 3
percentage points off their unemployment rate, from 13.9 percent to
10.8 percent. That’s the biggest drop over the last five months for any
single demographic group broken out by race, sex, and age by the Bureau
of Labor Statistics.
Education, health care, and retail appear to be factors. All three sectors were among those that posted the largest job gains last month.Unemployment among black men dropped from 15.7 percent in December to 13.6 percent in April. For white women, the rate has essentially remained unchanged at 6.8 percent, which is the same rate as white men. Total white unemployment remains well below total black unemployment, though the gap has narrowed over the past year. In April 2011, white unemployment was exactly half that of black unemployment, 8.1 percent compared with 16.2 percent. Now the difference is 6.8 percent compared with 13 percent.
Read more at Bloomberg Businessweek.
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