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Demographic with Largest Unemployment Rate Decrease by Q1 2025?
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US Bureau of Labor Statistics monthly unemployment report
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US Jobs Report Shows Significant Growth with 254,000 Jobs Added, Unemployment Falls to 4.1%
Oct 4, 2024, 01:20 PM
The latest jobs report indicates significant economic growth under the Biden-Harris administration. The report highlights the creation of 254,000 jobs, with the unemployment rate falling to 4.1%. White unemployment decreased to 3.6% from 3.8%, Black unemployment fell to 5.7% from 6.1%, and Hispanic unemployment dropped to 5.1% from 5.5%. President Biden acknowledged the positive news but emphasized the need to continue efforts to lower costs. The United States has added over 16 million jobs, with inflation and interest rates declining, and the economy growing by 3% over the last four quarters.
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