The Black unemployment rate hit a record low of 5% last month, according to data from the U.S. Bureau of Labor Statistics. The news comes three years after the rate spiked to nearly 17% during the early months of the pandemic. BlackVoicesWTTW
The Black unemployment rate hit a record low of 5% last month, according toThe news comes three years after the rate spiked to nearly 17% during the early months of the pandemic.Many economists anticipate the labor market to begin cooling.
Some of the barriers to stable employment are a hesitancy for employers to hire someone with a criminal record or someone with a disability, Palms said.
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