A job panel is displayed in the window of a chipotle on August 22, 2024 in Alexandria, Virginia.
Anna Rose Layden | Getty images
The unemployment rate among black men experienced a significant improvement in February – even if the rate checked American workers in general.
Friday, the overall unemployment rate increased last month to 4.1% compared to 4% in January, according to the report of the US labor statistics. Non -agricultural wages growth According to data, have also been disappointing.
Admittedly, the unemployment data of February occurs in the middle of a push of the president Donald Trump And Elon MuskDepartment of government efficiency to reduce the federal workforce. The full impact of these cuts has not yet been unrolled, and other uncertainties in the direction of the American economy and pricing decisions could affect hiring, according to Elise Gould, main economist at the Institute of Economic Policy.
“It's calm before the storm,” she said. “We do not yet see the dismissals in the data, most of them.”
An improvement in unemployment rates for black men in February
For black men aged 20 and over, the unemployment rate is notable at 5.5% in February, compared to 6.9% in January. This last number shows a drop in levels close to December, which had an unemployment rate of 5.6% for black men in this cohort.
The unemployment rate of black women came out at 5.4% in February, stabilizing in January and December. These results arise after the rate increased to 5.9% in November of last year. In comparison, the unemployment rate between black workers has generally less than 6% in February, against 6.2% in January.
“You see a good amount of volatility from month to month. It is a little difficult to ignore the huge drop in unemployment rate for black men … This is a positive indication,” said Gould.
Higher unemployment rate for Hispanic and white women
The unemployment rate of Hispanic women increased to 5.1% in February, against 4.5% the previous month. Hispanic men experienced a similar leap in the unemployment rate, which increased to 4.6% last month, against 4.0%.
For white women, the unemployment rate reached 3.4% in February, against 3.3%, and for white men, it increased to 3.5% last month against 3.1%. White workers overall saw the unemployment rate climb to 3.8% in February, compared to 3.5% in January.
For Asian workers, the unemployment rate increased to 3.2% in February, against 3.7% the previous month.
Rick Rieder, Director of Investments at Global's BlackRock Faixed Revenue, said that the February pay report is delivered with “loading of the footnote”.
“For example, the investigation into reports was carried out following a period of significant job travel in California linked to forest fires and other unfavorable weather conditions in the United States, in the midst of a changing immigration image, more labor strikes and the start of the impact of DOGE on the employment of the federal government,” he said.
– Gabriel Cortes de CNBC contributed to this report.
