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The unemployment rate for men in Black and Hispanic racial groups decreased in September, while remaining largely unchanged for other racial groups, as per data released by the Department of Labor. In September, the jobless rate for Black men dropped to 5.1% from 5.9% in the previous month, and for Hispanic men, it fell to 4.1% from 4.8%. Overall, the unemployment rate inched lower to 4.1% in September from August.

“The Black unemployment rate is still 1.5 times that of white workers, but it decreased in September to the lowest level since April,” mentioned Bankrate economic analyst Sarah Foster. This improvement marks the first decline in unemployment for Black workers in five months. The jobless rates for Asian and white workers remained relatively stable, with Asian workers at 4.1% and white workers at 3.6% in September.

Unemployment rates for women across racial groups also saw slight decreases in September. Black and Hispanic women experienced a 0.2% drop in unemployment to 5.3% and 4.8%, respectively, while unemployment for white women decreased to 3.1% from 3.4%. The employment-to-population ratio for female prime-age workers reached its lowest level since May.

Prime-age labor force participation, although slightly lower than the record-setting high in August, remains near a historic high. The labor force participation rate was unchanged at 62.7% in September, with marginal changes among different racial groups. White workers saw a slight increase to 62.4%, Hispanic workers decreased to 67.4%, Asian workers slipped to 65.3%, and Black workers rose to 62.9%.

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