In November, the unemployment rate for Black women surged to 6%, a significant increase from 4.9% in October, while the overall jobless rate rose slightly to 4.2%. Black workers faced the highest unemployment at 6.4%, with Black men at 6% and white men steady at 3.5%. The labor force participation rate for Black women dipped to 62.3%.
The U.S. added 254,000 jobs in September, significantly surpassing expectations and marking a revision upward for previous months. The unemployment rate fell to 4.05%, the lowest since May, while average wages increased by 0.4% month-over-month, prompting speculation about potential interest rate cuts by the Federal Reserve in upcoming meetings.
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