13.0%: Unemployment Climbs in African American Community; 210,000 Fewer Jobs
(CNSNews.com) - The unemployment rate in the African American community climbed from 12.6 percent in July to 13.0 percent in August, according to data released today by the Bureau of Labor Statistics.
At the same time, the number of African Americans 16 year or older who held jobs dropped from 16,318,000 in July to 16,108,000 in August--a decline of 210,000.
The labor force participation rate in the African American community dropped from 61.4 percent in July to 60.8 percent in August. The 60.8 percent African American labor force participation rate in August was the lowest that rate has been since July 1982.
When President Barack Obama took office in January 2009, the African American labor force participation rate was 63.3 percent.
The labor force participation rate is the percentage of the population 16 years or older who either had a job or actively sought one in the last four weeks.
Overall, in August, the national labor force participation rate dropped to 63.2 percent, the lowest it has been since August 1978.