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The gap between the Black and White unemployment rate — a closely watched benchmark of inequality in the labor market — shrank to its narrowest level on record in March as African Americans saw outsize gains in employment.
The Black unemployment rate plunged to 5% last month, the lowest level in data going back to the early 1970s. It’s still 1.8 percentage points above the rate for White Americans — which was unchanged at 3.2% in March — but that gap is the smallest ever.
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