Tight U.S. labor market shrinks gender and race gaps to record lows

NEW YORK (Reuters) – A tight U.S. labor market and booming demand in industries with an abundance of female workers is drawing more women back into the workforce, helping to shrink the longstanding gap in the labor participation rate between men and women to the narrowest on record.

Other parts of a report released by the Labor Department on Friday showed that the longest economic expansion on record is leading to improvements for workers who are often left on the sidelines. Not only did the unemployment rate for African Americans drop to a record low of 5.5% in August, it narrowed to being 1.62 times the white unemployment rate, the smallest gap ever.

Article URL : https://www.reuters.com/article/us-usa-economy-women/tight-u-s-labor-market-shrinks-gender-and-race-gaps-to-record-lows-idUSKCN1VR2JC

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