NCPA - National Center for Policy Analysis

Economy Offering "Tremendous" Opportunities To Minorities

May 11, 1998

Unemployment is down and rates of pay are increasing significantly for minorities, according to the latest Labor Department statistics.

  • Among blacks, the unemployment rate fell to 8.9 percent last month -- from 9.2 percent in March and 9.9 percent a year ago.
  • Average hourly earnings for blacks grew 4.8 percent in the past year -- compared with 4.4 percent for the entire U.S. workforce.
  • The jobless rate for Hispanics was at a record low 6.5 percent in April -- down from 6.9 percent the previous month and 8 percent in April 1997.
  • The jobless rate for whites was 3.6 percent in April -- compared to 4.1 percent in March.

Overall, the nation's unemployment rate for all workers was 4.3 percent in April, declining from 4.7 percent the month before -- the lowest rate since February 1970.

An official of an on-line job bank for minorities characterized current growth rates and opportunities as "tremendous" and the job market "great."

Source: Beth Belton, "Minorities Gain as Economy Booms," USA Today, May 11, 1998.

 

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