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The latest data from the Department of Labor shows that the unemployment rate for Black workers decreased in August. Black workers saw their jobless rate drop to 6.1% from 6.3% the previous month, aligning with the overall national unemployment rate, which fell to 4.2% in August. Meanwhile, unemployment rates for white workers remained steady at 3.8%, while they rose for Asian and Hispanic workers. Black men saw a significant decrease in unemployment, with rates falling to 5.9% from 6.6%, while Black women’s rate held steady at 5.5%.

Hispanic women experienced a decrease in jobless rate to 5% from 5.4%, but unemployment rates for Hispanic men increased to 4.8% from 4.4%. White men also saw a slight increase in unemployment rate to 3.6% from 3.5%. The employment-to-population ratio for prime-age women workers remained at a high level, indicating a positive outlook for the labor market, according to economist Elise Gould. The labor force participation rate was unchanged at 62.7%, with variations among different demographic groups.

Overall, the labor market continues to show signs of strength and resilience, with some fluctuations in unemployment rates among different demographic groups.

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