The Puzzle of the Unemployment Rate

August 8, 2013

The Bureau of Labor Statistics released its latest report on the job market on Aug. 2. It had some good news for African Americans: The black unemployment rate in July dipped to 12.6%, its lowest level since January 2009. The BLS also reported that since August 2012 the unemployment rate for adult black men (those older than 20) remains below its 14.4% level in January 2009 and was reported at 12.5% in July. More importantly, the share of black men holding jobs continues to rebound from its record low of 56.5% in 2011 to 59.2%, almost equal its level of 60.4% in January 2009. That was the good news.

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