The number of Black women in the labor force increased in February, resulting in a decrease in unemployment.

The number of Black women in the labor force increased in February, resulting in a decrease in unemployment.
The number of Black women in the labor force increased in February, resulting in a decrease in unemployment.
  • Black women saw their unemployment rate fall to 4.4% from 4.8%.
  • The unemployment rate among Hispanic women increased from 4.3% to 5%.
  • Black women are experiencing positive signs in the labor market, according to Valerie Wilson, director at the Economic Policy Institute's Program on Race, Ethnicity and the Economy.

The number of Black women seeking employment increased in February, resulting in a decrease in unemployment among this group, according to data released by the U.S. government on Friday.

Last month, the U.S. unemployment rate increased from 3.7% to 3.9%, while the unemployment rate for adult women aged 20 and above in the labor force also rose from 3.2% to 3.5%, according to the U.S. Bureau of Labor Statistics on Friday.

The percentage of unemployed Black women decreased from 4.8% to 4.4%, while the labor force participation rate within the group increased from 62.9% to 63.4%.

Valerie Wilson, director at the Economic Policy Institute's Program on Race, Ethnicity and the Economy, stated that the labor market is showing positive signs for Black women. She highlighted the decrease in the unemployment rate and the increase in the employment/population ratio from 59.9% to 60.6%.

She told CNBC that things were moving in a positive direction, as it seemed unambiguous.

Last month, the cohort was able to buck the trend, according to Wilson, due to the specific industries that added jobs.

"The increased participation rate and reduced unemployment rate among Black women can be attributed to the significant job growth in the health care and government sectors, which are sectors where a high number of Black women are employed."

For Hispanic women, unemployment rose to 5% from 4.3%.

This month's report indicates a robust labor market with an unemployment rate remaining below 4%, according to Wilson.

While slight changes may occur from month to month, the U.S. job growth rate is currently positive, indicating that the labor market will remain stable and steady.

— CNBC's Gabriel Cortes contributed to this report.

by Lisa Kailai Han

Markets