February’s jobless rate for black men 20 and older jumped, but it fell for same- age white, Hispanic and Asian men, the U.S. Bureau of Labor Statistics reported Friday.
The jobless rate for black men was 7.2 percent, up from 7.1 percent in January and it increased dramatically from 6.4 percent in February 2018. Elise Gould, a senior economist for the Economic Policy Institute, called the rise in black unemployment a worrisome trend.
The unemployment rate for white men 20 and older was 3.3 percent; Asians 3.1 percent and Hispanics 3.6 percent.
The nation’s businesses added 20,000 jobs, far fewer than the 181,000 economists had expected. However, hourly wages rose 11 cents per hour to $27.66, pushing the annual gain to 3.4 percent.
The overall unemployment rate was 3.8 percent, a decline of 0.2 percentage point. The number of unemployed persons dropped by 300,000 to 6.2 million, BLS reported.
Employment in professional business services, health care, and wholesale trade increased but hiring in construction declined.