Black Unemployment Rate Drops To 10.7 Percent

News & Views | Gerren Keith Gaynor | 11/07/2014 | 12:30 PM EST

African-American women continue to outpace Black men in the job market

The Black unemployment rate slightly dropped in the month of October, according to new job reports published by the Bureau of Labor Statistics.


At 10.8 percent, the jobless rate for African-Americans has minimally improved from September, which sat at 10.8 percent.


As for the gender breakdown, African-American women continue to outpace men in the job market with a steady 9.6 unemployment rate, compared to Black men, who have an unemployment rate of 10.1 percent, which fell from 10.7 percent in September.


UNEMPLOYMENT RATE FOR BLACK WOMEN DROPS


The overall American unemployment rate also dropped, with 5.8 percent, adding 214,000 jobs. It is the healthiest pace of hiring in eight years, according to the Associated Press.


The Labor Department also said a combined 31,000 more jobs were added in August and September than previously estimated. Employers have now added at least 200,000 jobs for nine straight month, which is the longest stretch since 1995.


The October unemployment rate i the lowest rate since July 2008.


AP reports:


Voters identified the economy as their top concern in Tuesday's elections. That suggested that economic improvement hasn't yet been felt by many Americans. The sluggish pace of pay growth is a likely factor.


Average hourly pay rose 3 cents in October to $24.57. That's just 2 percent higher than the average wage was 12 months earlier and is barely ahead of the 1.7 percent inflation rate.


The job gains were broad-based, though many lower-paying industries posted especially large increases. Retailers added 27,100 jobs. Restaurants, hotels and entertainment firms gained 52,000.


Some higher-paying industries also showed progress. Manufacturers added 15,000 jobs, up from 9,000 the previous month. Transportation and shipping companies gained 13,300. And professional and business services, which includes accountants, engineers and other higher-skilled fields, added 37,000.

(Photo: AfricaImages/Getty Images)

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