today in black history

August 23, 2017

Booker T. Washington founded the National Negro Business League in 1900, a groundbreaking vehicle for Black business ownership.

Unemployment Drops to 8.6%

POSTED: December 02, 2011, 12:00 am

  • POST
    • Add to Mixx!
  • SEND TO FRIEND
  • Text Size
  • TEXT SIZE
  • CLEARPRINT
  • PDF

Today’s Bureau of Labor Statistics (BLS) Employment Situation Summary for November brought some welcome news of signs of an economic recovery. The unemployment rate dropped to 8.6%, a truly significant development and the second consecutive month that the figure has moved downward. It is the lowest unemployment rate in two and a half years. According to the BLS data, the economy added 120,000 jobs last month; the second consecutive month of significant job growth. Employment increased in the health care sector, retail trade, hospitality and leisure, and business and professional services. Government employment continued its downward trajectory; a troubling development for Black workers since public sector jobs has been a longtime source of employment for African-Americans.

Related References