Last month’s job growth was up from a revised 270,000 in February and was far above the 200,000 jobs economists forecast.
US Black Unemployment Surges, Payrolls Rise Overall
Written by Black Hot Fire Network on April 23, 2024
US payrolls rose in March by the most in nearly a year and the unemployment rate dropped, pointing to a strong labor market that’s powering the economy. But the Black jobless rate climbed sharply in March, with Black women seeing the biggest losses. “We’re keeping a very, very close eye on that and we’ll continue to work on closing that gap between Black-White unemployment,” Julie Su, acting US Labor Secretary, said on “Bloomberg The Open.”