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The unemployment rate for Black Americans fell to an all-time low of 5.4% in January, according to data released Friday by the federal Bureau of Labor Statistics.
That was down from 5.7% in December.
The nation’s overall unemployment rate was little changed 3.4%.
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Employers added 517,000 jobs last month, a total far higher than economists had predicted, a signal that the U.S. economy may be resilient.
The leisure and hospitality industries led the way in job creation, adding 128,000 jobs in January compared with an average of 89,000 jobs per month in 2022. Despite those gains, the leisure and hospitality sector remains below its pre-pandemic February 2020 level by 495,000 jobs, or 2.9 percent.
Unemployment by Race:
- White: 3.2%
- Black: 5.4%
- Asian: 2.8%
- Hispanic: 4.5%