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Black Unemployment Rate Rises, Inflation Debate Heats Up

Unemployment rate unchanged but signs point to cooling jobs market

President Joe Biden and former President Donald Trump are both actively seeking to gain support from Black voters as they vie for the presidency in the upcoming election. This demographic group holds significant sway in determining the outcome of the election.

During a recent debate, Biden highlighted the low unemployment rate among Black Americans, claiming it to be at its lowest level in a long time. However, the data does not support this assertion. The Black unemployment rate actually increased to 6.3% last month from 6.1% in May. In April of the previous year, the rate had reached a record low of 4.8%. It is worth noting that the previous record low of 5.3% was achieved during the Trump administration.

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