According to figures released by the Labor Department, Black unemployment went from 12 percent in February to 12.4 percent in March. Meanwhile, the overall unemployment rate held steady at 6.7 percent.
The economy added 192,000 jobs, a figure higher than the 191,000 ADP had predicted in its monthly report on job trends, and higher than the six-month average of 187,000. Business services added the most jobs with 57,000 as well as health care and construction at 19,000 each.
“The economy continued to add jobs in March at a pace consistent with job growth over the past year. Additionally, the unemployment rate was steady while the labor force participation rate edged up. While today’s data indicates that the recovery is continuing to unfold, the president still believes further steps must be taken to strengthen growth and boost job creation,” said Jason Furman, chairman of the White House Council of Economic Advisers. “In addition to encouraging [the Senate’s decision to move forward with unemployment benefits extension] and other action in Congress, such as raising the minimum wage and passing the Paycheck Fairness Act, the president will continue to act on his own executive authority wherever possible to expand economic opportunity for American families.”
Source: BET | Joyce Jones