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Black unemployment falls in September jobs report, but doesn't tell full story
Oct 08, 2021 | CNBC
Picture - Black unemployment falls in September jobs report, but doesn't tell full story

The September jobs report showed Black unemployment dropped sharply from the month prior, but workers leaving the labor force complicated the recovery picture.

The overall U.S. unemployment rate dropped from 5.2% to 4.8%, according to the Labor Department report, better than the expected 5.1%. Meanwhile, jobs growth disappointed with 194,000 nonfarm payrolls added in September, compared 500,000 expected.

For Black workers, the unemployment rate fell to 7.9% in September from 8.8% in August. That's largest drop when compared with other racial groups in the jobs report and notable considering labor market recovery for Black Americans has lagged behind other groups throughout the pandemic.

However, the labor force participation rate of Black Americans also fell to 61.3% in September from 61.6% the previous month. That figure dropped just slightly for white workers, by one-tenth of a percent, and rose for Hispanic and Asian workers.

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