Source
Archive:
A separate household survey released by BLS shows that the unemployment rate remained at 3.7 percent in August, making August the 18th consecutive month at or below 4 percent. All Americans are benefiting from the strong labor market. The African American unemployment rate hit its lowest rate on record since the series began in 1972 at 5.5 percent (figure 2), the African-American adult female unemployment rate dropped to its lowest rate on record at 4.4 percent, and the African-American teen unemployment rate hit a new series low yet again, beating its record low from July. The Hispanic unemployment rate fell to 4.2 percent, matching its series lows from April and May 2019.