(Here’s your equality) The U.S. unemployment rate rose in August, and Black workers saw declining participation in the labor force

Samantha Subin@SAMANTHA_SUBIN

Article via EmailKEY POINTS

• While all demographic groups saw the unemployment rate tick up slightly in August, it rose at a sharper pace for both Hispanic and Black workers.
• Black workers marked the only group that saw labor force participation decline, and their employment-population ratio also fell.
• Black labor force participation fell to 61.8% from 62% in July, while the employment-to-population ratio dipped to 57.9% from 58.3%.

Commuters arrive at Grand Central station during morning rush hour in New York, Nov. 18, 2021.Jeenah Moon | Bloomberg | Getty Images

The August jobs report showed the U.S. unemployment rate rise across the board. Meanwhile, Black workers marked the only demographic to see their labor force participation fall.

The unemployment rate rose 0.2 percentage point to 3.7% in August, according to data released Friday by the U.S. Bureau of Labor Statistics. Nonfarm payrolls came in at 315,000 and fell in line with estimates of 318,000.

While all demographic groups saw the unemployment rate tick up slightly, it rose at a sharper pace for both Hispanic and Black workers to 4.5% and 6.4%, respectively, from 3.9% and 6% in July.

However, Black workers marked the only group that saw labor force participation decline, while their employment-population ratio, which measures what percentage of the population holds a job, also fell.

“There is some volatility in these numbers but seeing a downward trend in employment and participation is worrisome,” said Elise Gould, senior economist with the Economic Policy Institute…..More Here

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