Record low Black unemployment in April, but participation drops.
The unemployment rate for Black and Hispanic workers in the US decreased in April, while it remained stable for Asian American workers. The overall unemployment rate decreased to 3.4%, the lowest since 1969. The labor force participation rate for Black workers declined, suggesting that some unemployed workers stopped looking for a job or didn't get one. The health care and social assistance industry saw a significant increase in jobs, which is positive news for women and people of color who tend to hold managerial positions in these industries.