Minorities continue to bear a heavy portion of the job market’s pain. - The New York Times

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Black men continue to have the highest rate of unemployment

Unemployment rates by race for men, women and overall

Black

Hispanic

Asian

White

By Allison McCann·Rates are seasonally adjusted except those for Asian men and women.·Source: Bureau of Labor Statistics

Black workers have made limited progress toward lowering their very high unemployment rate even as the jobless situation improves for their white counterparts, showing the uneven distribution of the pandemic’s economic pain.

The July jobs report from the Labor Department, released Friday, shows that the seasonally adjusted unemployment rate for Black adults hovered at 14.6 percent in July, down slightly from 15.4 percent the prior month and a little more than two percentage points from its peak in May — but still more than double its 5.8 percent rate in February, before the pandemic took hold.

Unemployment for white workers eased to 9.2 percent in July. While that’s up sharply from 3.1 percent in February, it has fallen about five percentage points from its April peak.

The unemployment rate traces those who are out of work but are looking for new jobs, or who are on temporary layoff, and Black workers have a much higher unemployment rate than whites in the best of times. They are also often slower to regain work in recoveries and expansions.

An America Knits plant in Georgia last month. The unemployment rate is not falling as rapidly for Black workers as for others.Credit...Lynsey Weatherspoon for The New York Times

Unemployment among other minority groups also remains elevated. The rate for Hispanic workers was at 12.9 percent, up from 4.4 percent before the crisis began, and Asian workers — who previously had the lowest jobless rate of any demographic — posted a 12 percent unemployment rate in July.

Economic officials have been concerned by the reality that job losses have been concentrated.

“The rise in joblessness has been especially severe for lower-wage workers, for women, and for African Americans and Hispanics,” Jerome H. Powell, the chairman of the Federal Reserve, said at a news conference in late July. “This reversal of economic fortune has upended many lives and created great uncertainty about the future.”

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Minorities continue to bear a heavy portion of the job market’s pain. - The New York Times
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