Black Unemployment Rate Almost Double White

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By Douglas A. McIntyre Updated Published
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Black Unemployment Rate Almost Double White

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The economy added a very modest 108,000 jobs in March, and the unemployment rate remained at 4.1%. The rate of the increase was slower than it has been many recent months. One thing did not change much, however. Nearly twice as many black Americans as white Americans are unemployed, as measured on a percentage basis.

In March, the black unemployment rate was 6.9%. Among whites, the figure was 6.9%, or 92% higher. The only rate lower than whites was Asians at 3.1%. The only rate that approached the high black unemployment rate was Hispanics, at 5.1%.

The black unemployment rate was flat with February’s, but down from 8.1% in March a year ago. However, last April, the rate was 7.0%, so the level has fluctuated modestly over the past year. Among blacks, the group with the highest unemployment rate by far is those 16 to 19 years old, at 27.9%. This figure is approximately what it was across the nation during the Great Depression.

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Among the other observations from the Bureau of Labor Statistics in the Employment Situation Summary for March:

In March, the unemployment rate was 4.1 percent for the sixth consecutive month, and the number of unemployed persons, at 6.6 million, changed little.

Among the major worker groups, the unemployment rates for adult men (3.7 percent), adult women (3.7 percent), teenagers (13.5 percent), Whites (3.6 percent), Blacks (6.9 percent), Asians (3.1 percent), and Hispanics (5.1 percent) showed little or no change in March.

At 1.3 million, the number of long-term unemployed (those jobless for 27 weeks or more) was little changed in March and accounted for 20.3 percent of the unemployed. Over the year, the number of long-term unemployed was down by 338,000.

The labor force participation rate, at 62.9 percent, changed little in March, and the employment-population ratio held at 60.4 percent.

The number of persons employed part time for economic reasons (sometimes referred to as involuntary part-time workers) was little changed at 5.0 million in March. These individuals, who would have preferred full-time employment, were working part time because their hours had been reduced or because they were unable to find full-time jobs.

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Photo of Douglas A. McIntyre
About the Author Douglas A. McIntyre →

Douglas A. McIntyre is the co-founder, chief executive officer and editor in chief of 24/7 Wall St. and 24/7 Tempo. He has held these jobs since 2006.

McIntyre has written thousands of articles for 24/7 Wall St. He is an expert on corporate finance, the automotive industry, media companies and international finance. He has edited articles on national demographics, sports, personal income and travel.

His work has been quoted or mentioned in The New York Times, The Wall Street Journal, Los Angeles Times, The Washington Post, NBC News, Time, The New Yorker, HuffPost USA Today, Business Insider, Yahoo, AOL, MarketWatch, The Atlantic, Bloomberg, New York Post, Chicago Tribune, Forbes, The Guardian and many other major publications. McIntyre has been a guest on CNBC, the BBC and television and radio stations across the country.

A magna cum laude graduate of Harvard College, McIntyre also was president of The Harvard Advocate. Founded in 1866, the Advocate is the oldest college publication in the United States.

TheStreet.com, Comps.com and Edgar Online are some of the public companies for which McIntyre served on the board of directors. He was a Vicinity Corporation board member when the company was sold to Microsoft in 2002. He served on the audit committees of some of these companies.

McIntyre has been the CEO of FutureSource, a provider of trading terminals and news to commodities and futures traders. He was president of Switchboard, the online phone directory company. He served as chairman and CEO of On2 Technologies, the video compression company that provided video compression software for Adobe’s Flash. Google bought On2 in 2009.

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