The job market is cooling, and unemployment is rising, especially among black Americans.

If you’re feeling just like the job market is slow and even bad, it’s not all in your head. The job growth seen in 2022 and 2023 because the world moved beyond the shutdowns of 2020 and 2021 appears to be slowing, if not stopping altogether, in some industries.

According to a report issued by Bureau of Labor Statistics On Wednesday, the variety of job vacancies fell for the second month in a row – from 7.91 million to 7.67 million.

USA today reports that the typical annual number of recent jobs since April is 170,000, down from 227,000 in the primary 4 months of the yr and 251,000 in 2023.

Meanwhile, CNN reports that the monthly jobs report, which added 114,000 jobs in July, got here in well below expectations because the unemployment rate rose to 4.3% from 4.1%.

According to a recent report by The Americans, African Americans have a 2:1 unemployment rate nationally in comparison with our white counterparts. Institute of Economic Policywhich suggests that the variety of unemployed Black Americans is twice that of white Americans.

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Looking at state-by-state data, EPI found that Kentucky was the one state with an unemployment rate above 10 percent, at 11.3 percent for black Americans. Washington, D.C., was not far behind at 9.9 percent. The states with the bottom rates were South Dakota (3.1 percent), Vermont (3.3 percent), and Maryland (3.4 percent).

Shawn Williams, a black job seeker from the DMV area, told USA Today that he had tried searching for work outside the marijuana industry but had been unsuccessful.

“Most of the time I don’t hear (the answer) anything,” said Williams, 29. “I just think people are very cautious right now and just trying to do what they can to save money.”

It’s not only that latest jobs are hard to seek out. Working Americans are also reporting a general feeling of insecurity and lack of protection of their current jobs. Layoffs were up 20% in July compared with a yr ago, in accordance with the Labor Department. Negotiations for brand new job offers also fell by almost half, with 26% (in comparison with a median of greater than 40%) actually negotiating offers in the event that they got them this yr.

An uncertain job market coupled with a difficult economy has actually proven to be an excellent election-year topic — and will likely be on the minds of many individuals in November.