Economy

Despite strong jobs report, Black workers see rise in unemployment

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Commuters arrive at Grand Central station during morning rush hour in New York, Nov. 18, 2021.

Jeenah Moon | Bloomberg | Getty Images

The U.S. job market posted strong growth and a decline in unemployment in July, but unemployment ticked higher among Black workers, further underscoring the ongoing discrepancies within the job market.

Friday’s data report showed nonfarm payrolls rose 528,000 in July, blasting past Dow Jones’ estimates of 258,000, while the unemployment rate fell to 3.5%, the Bureau of Labor Statistics said.

While the findings signal the economy is headed in the right direction, Black workers marked the only demographic group that saw the unemployment rate rise.

Across the…



Source cnbc.com

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