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


The Good Brigade | Digitalvision | Getty Images

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…


0 0 votes
Article Rating

Moderna (MRNA) earnings Q1 2023

Previous article

Shopify cuts 20% of its workforce; shares surge on earnings beat

Next article

You may also like

Notify of
Inline Feedbacks
View all comments

More in Economy