Friday, August 3, 2012

African-American unemployment drops in July

In a sign that the economy is still in the early stages of recovery, the African-American unemployment rate in July dipped slighty to 14.1 percent, from 14.4 percent in June. The national rate rose to 8.3 percent, compared to 8.2 percent the previous month, and 163,000 new jobs were added to the economy, the most in the last five months.

Initial unemployment claims rose by 8,000 to 365,000 in the week ending July 28, the Labor Department reported on Thursday. And according to a Bloomberg

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