Commuters arrive at Grand Central Station during the morning rush hour in New York on November 18, 2021.
Gina Moon | Bloomberg | Bloomberg | Getty Images
The U.S. job market posted strong growth and a falling unemployment rate in July, but rising unemployment among black workers further underscored ongoing disparities within the job market.
Friday data report Nonfarm payrolls showed an increase of 528,000 in JulyThe unemployment rate fell to 3.5%, according to the Bureau of Labor Statistics, well above the Dow Jones estimate of 258,000.
The findings show the economy is headed in the right direction, but unemployment rose only among black workers.
Overall, the group’s unemployment rate rose to 6%. Broken down by gender, black male unemployment rose to 5.7%, while female unemployment fell to his 5.3%.
“We could see very strong job growth this month, but it doesn’t look like a strong and widely shared recovery,” said Katherine Gickle, a labor market policy analyst at the Washington Center for Equitable Growth. ‘ said.
At the same time, the labor force participation rate, which tracks how many people are employed or looking for work, rose from 62% in June to 62.3% in July among black women. However, the proportion of men decreased from her 68.1% the previous month to her 67.3% in July.
Black workers overall are also slightly lower, down from 62.2% in June to 62% last month.
Valerie Wilson, director of the Economic Policy Institute’s program on race, ethnicity and the economy, said it was difficult to decipher what contributed to the change.
“The long-term trend was pretty positive and pretty strong, so I’m not sure if that’s a signal of something really changing or just the volatility of the data,” she said.
big benefits for women
Women continue to make strides in the recovery of employment. The unemployment rate for women over the age of 20 fell to her 3.1% in June from her 3.3%.
William Spriggs, chief economist at the AFL-CIO, said the continuation of strong job growth from last month for women suggests the increase could be more than “just a split second.” There is
Broken down by ethnicity, the unemployment rate for female Hispanic workers fell significantly, dropping to 3.2% in July. The previous month was 4.5%.
The unemployment rate for black female workers has fallen to 5.3%, but remains higher than the 2.6% unemployment rate for white women, a long-term trend indicator, said Nicole Mason, president and CEO of the Women’s Policy Institute. says.
At the same time, the trend of reopening Restoration of hospitality and leisure, added 96,000 jobs. Latinas and other women of color are often overrepresented in the service sector, which may explain some of the numbers, she added.
That said, the data does not give a complete picture of the overall market, as child care and nursing care are underpaid and lacking benefits, lagging the overall recovery, Mason added. .
Despite these ongoing disagreements, she remains optimistic about the job market ahead.
“The numbers can change or go down, and we keep adding jobs that we think are really good,” Mason said. “I’m cautiously optimistic about growth, but We believe we are heading in the right direction.”
— Gabriel Cortez contributed to the report
Unemployment rate for black workers rises
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