When the national unemployment numbers were released Friday, it revealed the lowest numbers in nearly half of a century as the unemployment dropped to 3.8 percent last month. The only other time the numbers have been this low was April 2000.
“It fell for all the right reasons. We had more people coming into the labor market. We saw employers digging deeper into the pool of unemployed,” said Josh Wright, chief economist at the software firm iCIMS.
CNN reported Friday, “The jobs report painted a picture of an economy with opportunities for almost everyone. Black unemployment fell to a record low, and the gap between black and white unemployment shrank to the narrowest ever measured.”
“The unemployment rate among African-Americans and Asian-Americans has been steadily declining,” the CNN report continued. “It has also dropped among low-education workers and even teenagers. Over the past year, the unemployment rate among 16- to 19-year-olds has fallen from 14.1% to 12.8%.”
The work areas that saw the most growth in employment last month were retail, health care, and construction sectors.
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TONY MARKS