June Jobs Report: Economy Moving Forward Slowly as Labor Markets Remain Tight with 1.6 Million More Unemployed Workers than Job Openings
Dr. Bernard E. Anderson
Whitney M Young, Jr. Professor Emeritus, The Wharton School, University of Pennsylvania
Senior Economic Advisor, National Urban League
In June, the economy produced 209,000 jobs as the unemployment rate edged down to 3.7 percent. Employment growth was concentrated in government, health care, social services, and construction.
While the employment/population rate remained unchanged at 60.3 percent, Black women were the only group that showed a decline in labor force participation. This contributing to the Black unemployment rate 0.6 increase to 6.1 percent since last month compared to the 0.2 percent decline seen in White unemployment to 3.1 percent.