*Here’s the latest om the economy and black unemployment.
On Friday, the Labor Department said that the unemployment rate remained 5 percent for a third straight month.
More Americans started looking for work and succeeded in finding jobs. Black unemployment fell from 9.4 to 8.3%. That’s the lowest since September of 2007.
In fact, overall employers added a strong 292,000 jobs in December.
The government also said employers added a combined 50,000 more jobs in October and November than it had previously estimated. Hiring averaged 284,000 a month in the fourth quarter, the best three-month pace in a year.
The strong figures underscore the resilience of the U.S. economy at a time of global turmoil stemming from China’s slowing economy and plummeting stock market. Most economists expect U.S. consumer spending will offset any overseas drag, though many forecast only modest overall growth.
Unemployment rates in December 2015: