The nation’s financial picture seems somewhat rosy. But the Black unemployment rate increased from 6.1 to 6.2%, which is near historic lows.
The August jobs report revealed that while the unemployment rate dropped to 5.2 percent from 5.4 percent, Black workers struggled to return to the workforce with unemployment rates rising to 8.8 percent last month compared to 8.2 percent in July
(Seattle Medium) — Black American unemployment in 2010 soared more than 16%. As we begin 2011, there should a more effective and concentrated national plan to significantly increase the overall employment of Black Americans in 2011. The December 2010 consumer spending reports document not only increased spending by all Americans during the holiday season, but […]
(Afro) — Having won the endorsement of the man dubbed America’s “First Black President,” Bill Clinton, the Obama administration on Dec. 10 peddled the tax deal made with Republicans as a boon for the African- American community. “We feel we really were winners in this deal because we got a lot of priorities through that […]
(New York Times) — The headline on a new report tells the bad news: “Only One in Four Young Black Men in New York City Have a Job.” The report, prepared by the Community Service Society of New York, has other unhappy news about this group — that the unemployment rate for African-American men in New […]
From unbelievable natural disasters to Obama, here's what we can't forget.
(The Grio) — November’s unemployment rate edged up to 9.8 percent, up from 9.7 percent in October. However, the unemployment rate for African-Americans is nearly double that rate, at just under 17 percent, the highest of any ethnic group in the country, based on recent reports. Why is that? While many may speculate why this number […]
(The American Prospect) — The October unemployment report was released today, and the news is that there’s been little overall change. The unemployment rate hovers at 9.6 percent and the U-6, “overall” unemployment rate, which includes discouraged job-seekers and folks forced to work part-time because of the economy, edged down slightly to 17 percent. 151,000 non-farm […]
Help is on the way, if you equip yourself with this knowledge!
(The Network Journal) — At his inaugural parade a half-century ago, President John F. Kennedy watched the U.S. Coast Guard Academy’s marching unit pass him on Pennsylvania Avenue and declared it unacceptable. Not one cadet was black, he told an aide, and something ought be done about it. Not a lot has changed, even to this […]
Black folks are being naïve to expect that we might have the same unemployment rate as whites in this economy, in this nation, as it exists today. This is what we need to do right now.