For Black Women The Unemployment Rate Just Dropped – What Happened?
The unemployment rate for Black women fell from 7 percent to 5 percent in November, a large drop after months of lackluster growth, according to data released by the Bureau of Labor Statistics Friday.
Typically, unemployment rates change very little from month to month, so the drop among Black women, who have consistently had some of the highest rates of any racial group, is significant. However, since the pandemic began, monthly jobs figures have been more volatile, and clear explanations of what is happening in the labor market have become even more rare.
“I don’t think we can celebrate quite yet,” said Elise Gould, senior economist at the Economic Policy Institute, a left-leaning think tank. “I’m hopeful this means recovery is finally reaching them. I would like to believe it holds … ...
