*The Bureau of Labor Statistics recently released its report on the Employment Situation revealing the jobless rate for Black people is 70% higher compared to white people.
As 24/7 Wallest reports, racism, and single-adult households are the top contributing factors for the higher jobless rates among Black Americans, according to the Economic Policy Institute. Black men are also less likely to participate in the labor force as a result of mass incarceration.
Unemployment rates in Black communities are also high due to low educational achievement.
Per 24/7 Wall St, “Black residents in these metro areas are much less likely to hold a high school diploma or college degree than white residents. Lower levels of high school attainment can drive down wages and make it more difficult to find a job.”
Here’s more from The White House:
U.S. job creation remained solid in May, with an increase in payrolls of 339,000 and revisions to March and April adding another 93,000 jobs. Over the past three months, monthly job gains have averaged 283,000, a pace that is consistent with a strong labor market characterized by ongoing, robust job creation.
Earlier this year we reported that Black American workers are taking advantage of a pandemic-related boom in the transportation and utilities sector.
“The number of Black women who became truck drivers [over the past year] alone and meaningfully boosted their income was huge,” Julia Pollak, chief economist for the jobs site ZipRecruiter, told The Financial Times.
According to the outlet, Black American workers moving into transportation have seen the fastest wage growth of any racial group last year. In 2022, the median Black worker had a wage increase of 11.3 percent pay, compared with 7.4 percent for all other racial groups, according to U.S. Department of Labor data.
Last year nearly 20 percent of the 2.3mn truck transportation workers in America were Black, according to the U.S. Department of Labor.
READ MORE: Higher Black Unemployment Distorts Rosy Picture of Job Recovery
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