The Bureau of Labor Statistics released its THE EMPLOYMENT SITUATION — FEBRUARY 2023. The unemployment rate nationwide was 3.6%, up from 3.5% the previous month. The economy added 311,000 jobs which were more than expected. One trend was the same as it has been since the BLS started to release the data. The black unemployment rate was much higher than that for whites. In February, the number was 58% higher as the Black unemployment rate was 5.7%.<\/p>\n
The jobless rate varied considerably by the group. Unemployment among whites was 3.2%. Among adult men, the figure was 3.3%. It was 3.2% among adult women. Among Hispanics, the figure was 5.3%. And it was 3.4% among Asians. The jobless rate for black Americans was near historic lows, as it has been among all groups measured.<\/p>\n
The reasons black Americans have higher jobless rates than whites fall into several categories. The Economic Policy Institute reports that among the primary reasons are \u201cracism\u201d and single adult households where one person tries to care for children and hold a full-time job simultaneously.<\/p>\n
The American Progressive reports that the spread between black and white jobless rates goes back to 1972 when the BLS started to gather monthly employment data. It gives incarceration, the rate of which is higher among blacks than whites, as another reason. \u201cMass incarceration plays a significant role in the lower labor force participation rate for African American men.\u201d Educational attainment is another reason. Whites tend to graduate from high school and college at a higher rate than black people. (These are the lowest paying college majors.)<\/p>\n
None of these reasons can be taken alone, according to many experts. They represent a web of problems black Americans face as they try to enter the workforce. One thing almost all experts agree on is that these problems will not go away.<\/p>\n \t\t\t\t