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Job seekers attend the JobNewsUSA.com South Florida Job Fair held at the Amerant Bank Arena in Sunrise, Florida, on June 26, 2024.

The overall unemployment rate inched lower to 4.1% in September, down just 0.1 percentage point from August.

In September, Black men saw their jobless rate fall to 5.1% from 5.9% in the month prior. The jobless rate similarly fell for Hispanic men to 4.1% from 4.8% last month.

The unemployment rate for men in Black and Hispanic racial groups declined in September while staying little-changed for other racial groups, according to data released Friday by the Department of Labor.

"The Black unemployment rate is still 1.5 times that of white workers, but it edged down in September to the lowest level since April," said Bankrate economic analyst Sarah Foster. "Black unemployment typically holds about two times higher than White unemployment, among the first to be laid off. Meanwhile, the unemployment rate for Hispanic workers hit the lowest since June."

This marks the first fall in unemployment for Black workers in five months, Foster added.

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