Racial gap in U.S. unemployment narrowest since May

(Reuters) - The gap in unemployment rates between Blacks and whites in the United States narrowed in November for a third straight month, a modest bright spot in a monthly employment report that fell far short of expectations, with the fewest jobs overall created in six months. The jobless rate for Blacks dropped by 0.5 percentage point to 10.3% from 10.8%, while the rate for whites edged lower by 0.1 point to 5.9% from 6.0% a month earlier, data from the U.S. Labor Department showed on Friday

Reuters December 05, 2020 00:05:52 IST
Racial gap in U.S. unemployment narrowest since May

Racial gap in US unemployment narrowest since May

(Reuters) - The gap in unemployment rates between Blacks and whites in the United States narrowed in November for a third straight month, a modest bright spot in a monthly employment report that fell far short of expectations, with the fewest jobs overall created in six months.

The jobless rate for Blacks dropped by 0.5 percentage point to 10.3% from 10.8%, while the rate for whites edged lower by 0.1 point to 5.9% from 6.0% a month earlier, data from the U.S. Labor Department showed on Friday.

The 4.4 percentage point gap was the narrowest in six months, matching the level recorded in May, when it began rapidly widening as the job market's recovery from record employment losses in March and April benefited whites far more than Blacks.

Overall, the U.S. unemployment rate fell more than expected last month to 6.7% from 6.9% in October, even as just 245,000 jobs were created, roughly half what was expected.

Black vs white unemployment https://fingfx.thomsonreuters.com/gfx/mkt/dgkplarkwvb/Pasted%20image%201607090244477.png

(Reporting by Dan Burns; Editing by Paul Simao)

This story has not been edited by Firstpost staff and is generated by auto-feed.

Updated Date:

TAGS:

Find latest and upcoming tech gadgets online on Tech2 Gadgets. Get technology news, gadgets reviews & ratings. Popular gadgets including laptop, tablet and mobile specifications, features, prices, comparison.

also read

Elon Musk leaves behind Amazon's Bezos to become world's richest person - Bloomberg News
Business

Elon Musk leaves behind Amazon's Bezos to become world's richest person - Bloomberg News

(Reuters) -Tesla Inc chief and billionaire entrepreneur Elon Musk surpassed Amazon.com Inc's top boss Jeff Bezos to become the world's richest man, Bloomberg News reported on Thursday.

Daimler starting year with optimism after strong finish to 2020 - CEO
Business

Daimler starting year with optimism after strong finish to 2020 - CEO

FRANKFURT (Reuters) - Daimler is starting the year with optimism after a strong finish to 2020, Chief Executive Ola Kaellenius said on Thursday, adding that sales in the fourth quarter had continued the strong trend seen in the preceding three months.

Oil hits 11-month highs on Saudi cuts, shrugs off U.S. unrest
Business

Oil hits 11-month highs on Saudi cuts, shrugs off U.S. unrest

By Laura Sanicola NEW YORK (Reuters) -Oil prices edged higher on Thursday, hitting 11-month peaks as markets remained focused on Saudi Arabia's unexpected pledge to deepen its oil cuts and firmer equities, shrugging off political unrest in the United States. Brent crude rose 18 cents to $54.48 a barrel by 1:32 p.m. EST (1832 GMT) after touching $54.90, a high not seen since before the first COVID-19 lockdowns in the West.