Monday, April 01, 2019

Federal Reserve Bank of St. Louis (click here) shows a bounce back to a higher unemployment rate among African Americans.

The all time high was in July 1983 with an unemployment rate of 20.1. The rate climbed with the global economic collapse. It began to be reduced again when President Obama took office in 2009. The unemployment rate of African Americans continued to fall until April 2018 with a rate of 6.6. Since April of 2018 it has risen and fallen but never fell back to 6.6. As of February 2019 it was 7.3 percent.

With the same source of information, the Hispanic experience (click here)  is slightly different. The return to high unemployment rate shows as the African American rate did with the 2008 global economic collapse. As of February 2019 the unemployment rate among Hispanics and Latino populations in the USA was 4.3 percent.

February 2019 the Asian unemployment rate was 3.2 percent.

The Caucasian rate never occurs above 10 percent. (click here) The highest rate was December 1982 which was 9.7 percent. February 2019 the rate was 3.3 percent.

The total civilian unemployment rate (click here) for February 2019 was 3.8 percent.