Economy

Unemployment rate sinks for Black, Hispanic workers, steady for Asians

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The unemployment rate slipped for Black and Hispanic workers in April, but remained stable for Asian American workers.

The U.S. unemployment rate inched down to 3.4% last month, according to the U.S. Bureau of Labor Statistics. The number not only marked a decrease from 3.5% in March, but it also tied for the lowest rate since 1969.

Unemployment dipped sharply for Black workers, declining to 4.7% in April from 5% in the previous month. Similarly, the unemployment rate among Hispanic workers declined to 4.4% last month from 4.6%.

For Asian American workers, the unemployment rate held steady at 2.8%, as it was in March.

“Unemployment rates remain…



Source cnbc.com

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