Black unemployment hit record low in December
Years of steady hiring and economic growth have delivered a cumulative benefit for at least one group that hasn’t always shared in America’s prosperity.
The unemployment rate for black Americans fell to 6.8 percent in December, the lowest level since the government began tracking such data in 1972. The reasons range from a greater number of black Americans with college degrees to a growing need for employers in a tight job market to widen the pool of people from which they hire.
Still, the rate for black workers remains well above those for whites and some other groups, something experts attribute in large part to decades of discrimination and disadvantages.
Robust job creation has lowered unemployment for all Americans. U.S. employers added nearly 2.1 million jobs in 2017 – the seventh-straight year that hiring has topped 2 million. The U.S. economy gained a hefty 5.7 million jobs in 2014 and 2015 alone.
But there are also less-happy reasons for the lower unemployment rates: Fewer Americans are either working or looking for work.