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The nation’s businesses added jobs in October, but joblessness for black men 20 and older increased

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But joblessness is still much lower than October a year ago

The nation’s businesses added 250,000 jobs in October, but the jobless rate for blacks in general and for black men 20 and older went up, but the rate for the  latter group was much lower compared with the same month a year ago.

The Bureau of Labor Statistics on Friday reported that the overall unemployment rate remained unchanged at 3.7 percent as the number of unemployed remained at 6.1 million.

The jobless rate for African Americans was 6.2 percent in October compared to 6.0 percent in September, but it was well below 7.5 percent, the rate recorded in October 2017, BLS reported.

The unemployment rate for black men 20 and older was 6.3 percent in October compared with 5.8 percent in September.

The jobless rate for this age group of black men in October 2018 was much lower when compared to the 7.5 percent jobless rate in October 2017.

The overall unemployment rate for blacks was helped by declines in the jobless rate for black women 20 and older. BLS reported a 4.9 percent jobless rate in October compared with 5.3 percent in September. In October 2017, the unemployment rate was 6.6 percent.

The nation’s capital remains the capital of black unemployment.

The jobless rate for the District of Columbia was 12.4% in the third quarter, which includes July, August and September. The highest state unemployment rates in the third quarter were: Illinois (9.3%), Louisiana (8.5%), Alabama (7.1%), New York ( 7.0%), according to the Economic Policy Institute, a Washington, D.C.-based think tank. These states and Washington D.C.  exceeded the white jobless rate by 2.0-to-1 or higher. The District of Columbia has a black-white unemployment rate of 6.2 to 1. Illinois and Louisiana have the highest black white ratios of 3.0 to 1 and 2.8 to 1.

Washington D.C. has reported the highest black jobless for rate for the past eight quarters.

In the third quarter, 22 states reported black unemployment below 10 percent. In 10 of the those states, the black jobless rate was below 6.3 percent. The third quarter includes July, August and September. The fourth quarter begins the first day of  October and the third quarter includes November and December.

Massachusetts and Virginia reported the lowest black unemployment rates of 3.8 percent, according to EPI.

The jobless rate for blacks was much higher when compared with other racial and ethnic groups.

BLS reported that October’s jobless rate for white men 20 and older was 3.0 percent, for Asians, it was 3.2 percent * and for Hispanics, it was 3.9 percent.

Businesses added jobs in health care, manufacturing, construction, transportation and warehousing.

 

 

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