In the News: Unemployment Rate Dips for the Third Consecutive Month - Black Enterprise
Black Enterprise Magazine July/August 2018 Issue

Headline news (Courtesy of Thinkstock)

The U.S. job market is showing signs of a comeback. The nation’s unemployment rate slipped slightly to 8.9%–the lowest rate since April 2009–last month, according to the latest Labor Department report, with employers adding 192,000 jobs to the economy.

Although African-Americans still have the nation’s highest unemployment rate, it dipped to 15.3%, deterring the projected 25 year unemployment high for the demographic.

The report released today shows the country is experiencing growth in several areas, from construction and health care to professional and business services. The largest industry gains were seen in the manufacturing field–increasing by 33,000 last month. On the other hand, state and local governments cut 377,000 jobs since its peak in September 2008.

 

Join the Conversation

Janel Martinez

With a focus on news and the under 35 crowd, Martinez develops engaging, daily reports for BlackEnterprise.com. She also pens the blog, After School Daze: Life After Undergrad, where she delves into the day-to-day issues and concerns of recent graduates trying to adapt to life off campus. Prior to Black Enterprise, the Bronx, N.Y. native contributed to Latina, Latina.com, Honeymag.com, Syracuse Record and The Post-Standard. When she's not writing articles, the self-proclaimed travelista is on the prowl for her next excursion.   Martinez holds a bachelor's degree in magazine journalism and sociology from Syracuse University.


MORE ON BlackEnterprise.com