predicted Black Unemployment would fall from 9.5% in June to 9.1% in July.
The forecast was confirmed this morning by the US Department of Labor - Bureau of Labor Statistics.
The difference between Black and White unemployment now stands at 4.5%. We note this is the second lowest differential of the Obama Presidency, surpassed only by a 4.0% differential in February, 2008. Our Fully Adjusted Return model shows that the difference is poised, assuming the Fed does not raise rates, to fall further. See: http://www.bls.gov/news.release/empsit.t02.htm