The unemployment rate for black women fell to a record 4.4% from 5.2% in July. The unemployment rate for black men crept up to 5.9% from 5.8%. But last month's interest rate was a record, so the rate is still near the historic low.
Unemployment among workers who identify themselves as Hispanic or Latino also fell to 4.2% in August, which was a record low earlier this year.
Minority unemployment has been tracked by the Labor Department since the early 1
The record low unemployment rate for African Americans is undeniably good news, said Valerie Wilson, director of the Economic Policy Institute's Race, Ethnicity and Economics Program. She warned that the monthly figures for different racial groups' unemployment may be unstable, although she said the less unstable years have also improved. She attributed the improvement to the extended strength of the US labor market. Employers have added jobs for 107 months and unemployment across the country is close to a 50-year low.
"As jobs continue to be created, those who are still looking for work, those as minorities with historically higher unemployment, are those in a position to take advantage of these opportunities," she said.