Categories
Black Entrepreneurs

Unemployment rate jumps more than a percentage point for Black women in November [Video]

The unemployment rate climbed sharply for Black women in November.

The overall jobless rate edged up slightly last month to 4.2% from 4.1% in October, according to the U.S. Bureau of Labor Statistics on Friday. But some groups experienced more significant rises in unemployment relative to others.

Black women experienced the most significant increase, with the jobless rate surging to 6% from 4.9%. In comparison, the jobless rate for white women ticked up slightly to 3.4%, compared to 3.3% in October.

“The increase for Black women has been more pronounced than for white women,” said Kevin Rinz, senior fellow and research advisor at the Washington Center for Equitable Growth.

Black workers as a group also saw the highest unemployment rate last month, which jumped to 6.4% from 5.7%. For Black men, the jobless rate hit 6%, but it held steady at 3.5% for white men.

“This a broader picture of …

Watch/Read More