The U.S. Bureau of Labor Statistics announced that the U.S. unemployment rate was virtually unchanged for the second straight month, down .1% from June to July. The 9.4% unemployment rate fir July is identical to May, but another 247,000 jobs were lost during this period.
The African-American unemployment rate declined for the third time in as many months, dropping to 14.5% from 14.7% in June. The unemployment rate for African-Americans reached 15% in April. Black males saw a .6% drop in unemployment to 15.8% and down from 17.2% in April.
Click here for the employment situation summary by the Labor Statistics Bureau.