Economy

Unemployment falls but is higher for Black, Hispanic workers

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A man hands his resume to an employer at the 25th annual Central Florida Employment Council Job Fair at the Central Florida Fairgrounds. More than 80 companies were recruiting for over a thousand jobs.

Paul Hennessy | LightRocket | Getty Images

The unemployment fell to 5.4% as the economy added 943,000 jobs in July, with strong gains across demographic groups despite persistent inequalities in the labor market.

Black and Hispanic unemployment dropped to 8.2% and 6.6% respectively, but the figures are high compared with the jobless rate for whites and Asians. Joblessness for whites was the lowest at 4.8% and for Asians, it declined to 5.3%.

Those figures represent a broad improvement over…



Source cnbc.com

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