The unemployment rates for African-Americans and recent veterans dropped to record lows in December, underscoring the health of the U.S. economy heading into 2018.
The jobless rate for black workers fell to 6.8% from 7.2% in November as more of them found employment in an increasingly tight labor market.
The unemployment rate for African-Americans, though now at its lowest level in records dating to 1972. remains stubbornly higher than the rates for other racial and ethnic groups. But Michael Feroli, an economist with JP Morgan Chase, notes that the gap between African-American and white unemployment rates is the narrowest on record.
And the rate for those who have served in the armed forces anytime since September 2001 dropped to 3.3%, the lowest level in data going back to 2008.
All told, employers added a modest 148,000 jobs in December. The overall unemployment rate held steady at 4.1%.