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Black unemployment rises in August jobs report despite more job seekers
Sep 03, 2021 | CNBC
Picture - Black unemployment rises in August jobs report despite more job seekers

The miss on the headline jobs numbers was disappointing enough, but the August 2021 jobs report showed that Black workers are facing an even bigger struggle to find employment compared with job seekers of other races.

Employers only added 235,000 payrolls last month, far fewer than the 720,000 expected. The unemployment rate dropped to 5.2% from 5.4%, in line with estimates.

But the rate of unemployment among Black workers rose in August to 8.8% from 8.2% in July. The white unemployment rate, meanwhile, fell to 4.5% from 4.8% and the Asian unemployment rate dropped to 4.6% from 5.3%.

The unemployment rate for Hispanic and Latino workers inched lower to 6.4% from 6.6%.

A majority of economists and President Joe Biden pointed to the growing number of cases of the Covid-19 delta variant for sluggish overall job numbers. Experts have also pointed to a retreat in consumer confidence for the slowdown in hiring.

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