Black Unemployment

Why the improvement in the black unemployment rate will be short-lived, By Chico Harlan, May 13, 2015, Washington Post: “Over the last three months, an eye-opening trend has appeared in the U.S.’s jobs data: African-Americans are making notable gains. During that span, the unemployment rate for whites has held flat at 4.7 percent. But for blacks? It’s fallen from 10.4 percent to 9.6 percent, hitting single digits for the first time in the recovery. Meantime, the gap in labor force participation between blacks and whites has grown narrower than it’s been since September 1999. Since February, the number of blacks with jobs has gone up by 407,000. The number of whites with jobs has declined by 273,000, in part, no doubt, because of a wave of Baby Boomer retirements…”