The unemployment rate for Black women decreased in December after a significant increase.

The unemployment rate for Black women decreased in December after a significant increase.
The unemployment rate for Black women decreased in December after a significant increase.
  • The unemployment rate for Black women decreased to 5.4% in December, compared to 5.9% in November.
  • In December, the jobless rate for Hispanic men decreased to 4.0%, compared to 4.4% in November.
  • The unemployment rate decreased to 4.1% in December, indicating a strong job market.

In December, the unemployment rate for Black women decreased after a concerning rise in November.

In December, nonfarm payrolls grew much more than expected, with a gain of 256,000, surpassing the predicted increase of 155,000. The unemployment rate also decreased to 4.1%, indicating a strong labor market. This data has led to the belief that the Federal Reserve may cut interest rates less than anticipated this year.

In December, the unemployment rate for Black women decreased to 5.4%, a decline from 5.9% in November. Additionally, the labor force participation rate increased to 62.4%.

In December, the unemployment rate among Black workers decreased to 6.1%, compared to 6.4% in November and 5.7% in October.

"Elise Gould, senior economist at the Economic Policy Institute, stated that while there were concerns about the Black unemployment rate increasing in November, it is still higher than other groups, but nothing in the report stands out as particularly problematic."

In December, the jobless rate for black men decreased from 6% to 5.6%, while their labor force participation rate fell from 68.7% to 68.2%.

In December, the unemployment rate of Hispanic men decreased from 4.4% to 4%, coinciding with an increase in labor force participation.

Despite a slight increase in the unemployment rate among Hispanic women from 5.2% to 5.3% last month, Gould pointed out that this change is within the margin of error. "The data is quite volatile," she stated. "In my view, things remained relatively stable."

The jobless rate among white workers decreased from 3.8% to 3.6% in December. While the unemployment rate among white men fell from 3.5% to 3.3%, the figure remained unchanged at 3.4% for white women.

by Samantha Subin

Markets