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Black unemployment falls to lowest level on record
Published in 9-1-2018
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Black unemployment fell to 6.8 percent in December, the lowest ever recorded by the U.S. Labor Department since it began tracking the black unemployment rate in 1972. Economists say it's a sign the recovery from the Great Recession is finally starting to help a wider swath of the population. During the aftermath of the financial crisis, black unemployment soared to 16.8 percent in 2010, meaning more than one out of every six African-Americans was looking for a job but could not find one. The rate has steadily declined since, breaking the prior all-time low of 7 percent that was set in 2000 during dot-com boom. "6.8 percent unemployment rate for African-Americans is lowest on record.