The African-American unemployment rate has dropped, according to the new jobs report. The report, which was based on the month of December, revealed that the unemployment rate for Black Americans is now at 11.9 percent compared to 12.4 percent from the previous month.
Though a drop of any kind would be considered a good thing, that number remains bleak when compared to the national unemployment rate, which also dropped to 6.7 percent - the lowest since October 2008 before President Barack Obama took office.
Things are no better for the Black teens population which has an unemployment rate of 35.5 percent. The United States added 74,000 jobs to the economy.
Experts say the cold weather may have slowed hiring. Analysts estimate that the economy expanded at a healthy annual rate of 3 percent to 3.5 percent in the October-December quarter. That’s up from earlier forecasts of a 2 percent rate or less. This follows a strong 4.1 percent growth rate reported for the July-September quarter.