The unemployment rate for Black workers slipped in August, bucking the broader trend of a higher overall jobless rate.
The overall unemployment rate ticked up to 3.8% last month, the highest since February 2022.
The jobless rate declined for Black workers, sliding to 5.3% in August, compared to 5.8% in July.
When accounting for gender, the unemployment rate for Black men age 20 and older came down to 5%, a decline from the 5.3% rate in July.
"I am relieved that the Black unemployment rate is coming down; it had been a little elevated a couple of months earlier," said Elise Gould, senior economist at the Economic Policy Institute.
Persons:
—, Elise Gould
Organizations:
Economic, Institute