Youth and Black Unemployment Rates Soar in November: A Closer Look
AI Summary1 min read
TL;DR
Youth unemployment hit 16.3% and Black unemployment rose to 8.3% in November, with overall unemployment at 4.6%. Both groups have seen significant increases since April 2023.
Tags
unemploymentyouth unemploymentBlack unemploymenteconomic trendsNovember 2023
The unemployment rate for youths aged 16-19 surged to 16.3% in November, while the rate for Blacks increased to 8.3%. The overall unemployment rate rose to 4.6%. The increase in unemployment rates occurred since the bottom in April 2023, with Blacks experiencing a 3.5 percentage point increase and youths a 6.9 percentage point increase.
