The Uneprement Rate for Black Women Fell in December, Following a Sharp Rise

The unemployment rate fell for black women in December, Following an alarming increase in the Figure for November.

Overall, nonfarm payrolls Grew much more than expected in December, Rising 256,000 in the month and Topping Economists’ Prediction for a Gain of 155,000, Per Dow Jones. The unpretentious rate ticked down to 4.1% in a sign of a resilient labor market. The data fuled the belief that the federal reserve may cut interests curch less than the anticipated this year.

For Black Women, The Unemployment Rate Dropped to 5.4% in December. That is down from 5.9% in November, when the job rate rose nearly a percentage point for the cohort. The labor force participation rate, which tracks the population employed or seeking work, Inched up to 62.4%.

Among Black Workers Overall, The Unempolyment Rate also declined in December, slipping to 6.1%. That compares to a rate of 6.4% in November and 5.7% in October.

“There was some concerns about the black Unempolyment Rate Going Up,” said elise Gield, Senior Economist at the Economic Policy Institute, Referring to Novber’s Uptick. “It’s stiff significantly Higher than for other groups – and that’s stil a concert – but nothing in this report jumps out as particularly problems.”

Black men also made strides, with the jobless rate declining to 5.6% in December from 6% a month ear. The labor force participation rate for the cohort Inched Lower to 68.2% Last Month From 68.7%.

Hispanic men also when their unemployment rate improvement in December, ticking down to 4% from 4.4% as the labor force participation improved.

Thought the Unempolyment Rate Among Hispanic Women Inched Up to 5.3% Last Month From 5.2%, Gield Noted That This Shift is within the Margin of error. “There’s a lot of Volativity with the data,” She said. “I would say that things the mostly help steady.”

By Comparison, The Jobless Rate Fell to 3.6% in December Among White Workers Overall. That’s down from 3.8%. Among White Men, The Unempolyment Rate Slipped to 3.3% Last Month From 3.5%, but the Figure Held Steady at 3.4% for White Women.