October Jobs Report: Sustained Job Creation has Led to a Narrowing of the Unemployment Gap

By Bernard E. Anderson, PhD
Whitney M. Young Professor Emeritus, The Wharton School of the University of Pennsylvania
Chief Economic Advisor, National Urban League

Steady, sustained job creation has led to a narrowing of the unemployment gap between white and Black Americans, the October Jobs Report shows.

While the Black unemployment rate has steadily fallen over the last decade, it generally remained about twice the rate for whites.  However, in October , the Black unemployment rate declined  by 0.1 of a percentage point to 5.4 %, while the white unemployment rate remained unchanged at 3.2%.  This has resulted in a Black-white unemployment gap of 1.69, measurably lower than the 2:1 ratio that persisted for most of the last two decades in good times and bad.

Submitted by iamempowered on Wed, 11/06/2019 - 09:50

September Black Jobs Report

By Bernard Anderson, PhD
Whitney M. Young Professor Emeritus, The Wharton School of the University of Pennsylvania
Chief Economic Advisor, National Urban League 


While employment continued to grow and the unemployment rate has fallen to a 50-year low, the downside of September’s job report is the pause in wage growth.  And while Black unemployment is historically low, it persistently remains twice the rate for white Americans. 

Submitted by GLakew on Fri, 10/04/2019 - 15:28