The unemployment rate fell to 3.7% from 4.1% for Asian Americans in July.
The unemployment rate for Asian Americans decreased to 3.7% from 4.1% in July, bucking the overall trend.Even as the overall unemployment rate rose in July, the labor market was still strong for workers aged 25 to 54, according to economist Elise Gould.
When taking gender into account, the unemployment rate also declined for Black women, who saw their jobless rate tick down to 5.5% in July, compared to 5.7% a month earlier. For Black men, this number jumped to 6.6% last month, up from 6.1% in June. In fact, Gould emphasized that while the overall unemployment rate rose last month, the labor market was still strong for the prime-age employment group, or for workers aged 25 to 54. The employment rate for this age cohort was 80.9% in July, the economist said. Gould added that female workers in this group continue to recover.
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