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US Adds Just 73,000 Jobs as Unemployment Rate Rises
Nonfarm payrolls rose by 73,000, less than almost all economists had forecast, while the unemployment rate ticked up to 4.2%, matching the median projection. Average hourly earnings were up 0.3%, leaving them 3.9% higher over 12 months – outpacing inflation.
Economists say the rise in unemployment among Black Americans could be a troubling sign for the economy at large.
"Black workers are often last hired, first fired," said Angela Hanks, chief of policy programs of The Century Foundation.
Big question marks still loom for the Fed, and while the jobs report last Friday was weak, the unemployment rate remains low.
The unemployment rate dropped to 3.7 percent in September, the lowest since the Vietnam War. The economy added 134,00 jobs, fewer than expected because of losses from Hurricane Florence.
Normally the number of jobs created each month gets most of the attention in the jobs report. Not this time. The focus instead is on the unemployment rate. Federal Reserve Chairman Jerome Powell said ...
The Black unemployment rate hit its highest mark since December 2021, while the White House defended the firing of Erika ...
Still, California is no stranger to the upper levels of unemployment rankings. June 2025 was the 19th time the state ranked ...
Just like the workers on his construction projects, Donald Trump wrote the Black community a bad check during the campaign,” ...
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