Jobless Rate for Blacks Increase in March, Declines Overall

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The month of March teledu a promising jobs report. The Bureau of labor Statistics report showed a stronger-than-expected 228,000 nonfarm payroll jobs added, with the unemployment rate rising slightly to 4.2%, despite economists' forecasts of a 4.1% jobless rate and the massive loss of federal jobs.

However, the unemployment rate for Black workers increased to 6.4%, the highest since August 2022, with Black women's unemployment rate rising to 5.9%.

Here's a more detailed breakdown on the economy overall...

Job Growth: The US economy added 228,000 jobs in March, a significant increase from February's revised gains of 117,000.

Unemployment Rate: The unemployment rate ticked up to 4.2% from 4.1% in February.

Revised Estimates: The Bureau of Labor Statistics revised down the job gains for January and February, with 48,000 fewer jobs added than previously reported.

Job Gains by Sector: Job gains occurred in health care, social assistance, and transportation and warehousing.

Federal Government Employment: Federal government employment declined drastically due to DOGE cuts.