Unemployment Rate By HBCU State – May 2015

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ALABAMA –  6.1% (5.8%)

ARKANSAS – 5.7% (5.7%)

CALIFORNIA – 6.4% (6.3%)

DELAWARE – 4.6% (4.5%)


FLORIDA – 5.7% (5.6%)

GEORGIA – 6.3% (6.3%)

ILLINOIS – 6.0% (6.0%)

KENTUCKY – 5.1% (5.0%)

LOUISIANA – 6.6% (6.6%)

MARYLAND – 5.3% (5.3%)

MASSACHUSETTS – 4.6% (4.7%)

MICHIGAN – 5.5% (5.4%)

MISSISSIPPI – 6.7% (6.6%)

MISSOURI –  5.8% (5.7%)

NEW YORK – 5.7% (5.7%)

NORTH CAROLINA – 5.7% (5.5%)

OHIO – 5.2% (5.2%)

OKLAHOMA – 4.3% (4.1%)

PENNSYLVANIA – 5.4% (5.3%)

SOUTH CAROLINA – 6.8% (6.7%)

TENNESSEE – 5.8% (6.0%)

TEXAS – 4.3% (4.2%)

VIRGINIA – 4.9% (4.8%)

*Previous month in parentheses.

African America’s June Jobs Report – 9.5%


Overall Unemployment: 5.3% (5.5%)

African America Unemployment: 9.5% (10.2%)

Latino America Unemployment: 6.6% (6.7%)

European America Unemployment: 4.6% (4.7%)

Asian America Unemployment: 3.8% (4.4%)

Previous month in parentheses.

Analysis: Overall unemployment dropped 20 basis points. All groups saw declines in their unemployment rate with African and Asian America seeing the most significant declines at 70 and 60 basis points, respectively. Latino and European America both saw declines of 10 basis points.

African American Male Unemployment: 9.5% (10.2%)

African American Female Unemployment: 7.9% (8.8%)

African American Teenage Unemployment: 31.8% (30.1%)

African American Male Participation: 67.6% (68.5%)

African American Female Participation: 62.0% (61.9%)

African American Teenage Participation: 28.6% (28.7%)

Previous month in parentheses.

Analysis: African American male unemployment dropped 70 basis points, while the participation rate dropped 90 basis points. African American female unemployment dropped 90 basis points, while the participation rate rose 10 basis points. African American teenage unemployment rate spiked 170 basis points, while the participation rate dropped 10 basis points.

CONCLUSION: The overall economy added 223 000 jobs in June. African America added 60 000 jobs. Everything that glitters is not gold. Despite job gains, African America saw 82 000 people leave the work force in June, which is in combination with the job gains pushed the unemployment rate back into the single digits. Not the combination you want to see given labor force is an indictor of employment optimism or pessimism. Wages overall in the country also remain stubbornly unmoved. African American females remain the cornerstone of economic health in the community adding 100 000 jobs, but males and teenagers lost 25 000 and 14 000, respectively. Things are not bad (by normal African American standards), but they are not getting better. The economy seems to be in a holding pattern of uncertainty. African America’s trends are largely stagnant over the past five months with continued gains and losses from month to month, while currently needing to pick up 820 000 jobs to move African America’s unemployment rate in line with the country’s average.

HBCU Money™ Business Book Feature – Corporate Warriors: The Rise of the Privatized Military Industry


Some have claimed that “War is too important to be left to the generals,” but P. W. Singer asks “What about the business executives?” Breaking out of the guns-for-hire mold of traditional mercenaries, corporations now sell skills and services that until recently only state militaries possessed. Their products range from trained commando teams to strategic advice from generals. This new “Privatized Military Industry” encompasses hundreds of companies, thousands of employees, and billions of dollars in revenue. Whether as proxies or suppliers, such firms have participated in wars in Africa, Asia, the Balkans, and Latin America. More recently, they have become a key element in U.S. military operations. Private corporations working for profit now sway the course of national and international conflict, but the consequences have been little explored. In this book, Singer provides the first account of the military services industry and its broader implications. Corporate Warriors includes a description of how the business works, as well as portraits of each of the basic types of companies: military providers that offer troops for tactical operations; military consultants that supply expert advice and training; and military support companies that sell logistics, intelligence, and engineering. In an updated edition of P. W. Singer’s classic account of the military services industry and its broader implications, the author describes the continuing importance of that industry in the Iraq War. This conflict has amply borne out Singer’s argument that the privatization of warfare allows startling new capabilities and efficiencies in the ways that war is carried out. At the same time, however, Singer finds that the introduction of the profit motive onto the battlefield raises troubling questions—for democracy, for ethics, for management, for human rights, and for national security.

HBCU Money™ Dozen 6/29 – 7/3


Did you miss HBCU Money™ Dozen via Twitter? No worry. We are now putting them on the site for you to visit at your leisure. We have made some changes here at HBCU Money™ Dozen. We are now solely focused on research and central bank articles from the previous week.


A better way to hire programmers? Engineering a better way to hire programmers l Computerworld http://ow.ly/P6P4P

Meet the dogs that can sniff out cancer l New Scientist http://ow.ly/P633h

From building B-17 bombers to building fish habitat: reshaping of an industrial Seattle river. l NOAA Ocean http://bit.ly/1T2bWM8

No Fracking In New York, Says DEC l Clean Technica

Fishing nations could change future for Pacific’s top predators l Pew Environment http://bit.ly/1RM2Ctn

Now this is extreme farming. Growing strawberries in balloon gardens beneath the waves l New Scientist http://ow.ly/P65uw

Federal Reserve, Central Banks, & Financial Departments

How a lack of #sleep affects the #brain l World Economic Forum http://wef.ch/1K6kqAr

VIDEO: #Africa is the next great investment destination. See why l World Bank http://wrld.bg/P2QJL

How are asset returns affected by financial crises? l World Economic Forum http://wef.ch/1BwBlZH

Wealth #redistribution, is it efficient? l San Francisco Fed http://bit.ly/1GyNAll

Global food prices dropped by 14% since August 2014 l World Bank http://wrld.bg/P5JVn

This is how illegal #drugs flow around the world l World Economic Forum http://wef.ch/1LzKHX4

Thank you as always for joining us on Saturday for HBCU Money™ Dozen. The 12 most important research and finance articles of the week.

The HBCU Money™ Weekly Market Watch

Our Money Matters /\ July 3, 2015

A weekly snapshot of African American owned public companies and HBCU Money™ tracked African stock exchanges.


African American Publicly Traded Companies

Citizens Bancshares Georgia (CZBS) $9.86 (0.00% UNCH)

M&F Bancorp (MFBP) $4.36 (6.84% DN)

Radio One (ROIA) $3.47 (0.00% UNCH)

African Stock Exchanges

Bourse Regionale des Valeurs Mobilieres (BRVM)  277.66 (0.33% DN)

Botswana Stock Exchange (BSE)  10 692.36 (0.05% DN)

Ghana Stock Exchange (GSE)  2 341.59 (3.56% UP)*

Nairobi Stock Exchange (NSE)  161.50 (N/A)

Johannesburg Stock Exchange (JSE) 52 669.75 (0.35% DN)

International Stock Exchanges

New York Stock Exchange (NYSE) 10 864.82 (0.05% UP)

London Stock Exchange (LSE)  3 602.47 (0.61% DN)

Tokyo Stock Exchange (TOPIX)  1 652.09 (0.23% UP)


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HBCU Money™ Business Book Feature – Farms with a Future: Creating and Growing a Sustainable Farm Business


What makes a farm sustainable and successful? And what special qualities and skills are needed for someone to become a successful farmer?

Rebecca Thistlethwaite addresses these and other crucial questions in this uniquely important book, which is a must-read for anyone who aspires to get into farming, or who wants to make their farm business more dynamic, profitable, and, above all, sustainable. Over an entire year, the author and her husband-experienced farmers themselves-took a sabbatical and traveled the length and breadth of the United States to live and work alongside some of the nation’s most innovative farmers. Along the way they learned about best practices, and a whole lot about what doesn’t work.

Farms with a Future shares this collective wisdom in an inspirational yet practical manner; it will help beginners avoid many of the common mistakes that first-time farmers make. Just as importantly, it discusses positive ideas that can help make any farm enterprise vibrant and financially profitable. Profiles of more than a dozen representative farms help round out the invaluable information and encourage farmers to embrace their inner entrepreneur. Younger growers, in particular, will benefit by learning about “the right stuff” from both their peers and longtime experts.This book provides a useful reference for beginning and experienced farmers alike. While many other books address agricultural production, there are very few that talk about business management for long-term sustainability. Farms with a Future offers an approachable, colorful take on building a triple-bottom-line farming business.

HBCU Money™ Dozen 6/22 – 6/26


Did you miss HBCU Money™ Dozen via Twitter? No worry. We are now putting them on the site for you to visit at your leisure. We have made some changes here at HBCU Money™ Dozen. We are now solely focused on research and central bank articles from the previous week.


How CIOs can create the IT workforce of the future l CIOonline http://trib.al/LHt1isi

Exploring dark energy with robots l Symmetry Magazinehttp://ow.ly/OOaaU

Want to install rooftop #solar? Expensive structural tests may be overkill l Department of Energy http://1.usa.gov/1Nkr7NN

Solar power will draw $3.7 trillion in investment through 2040 l Renewable Cities http://ow.ly/OI3eh

Gentle sex? Females are just as feisty as males over reproduction l New Scientist http://ow.ly/OKCzr

US Energy Dept. Funds Two New Projects & $1 Million Prize l Clean Technica http://dlvr.it/BKWdg0

Federal Reserve, Central Banks, & Financial Departments

Business activity in #Maryland increased notably in June, according to our new survey l Richmond Fed http://ow.ly/OOcIp

The Carolinas economy expanded at a relatively steady pace in June, our new survey found l Richmond Fed

Why income #inequality is bad for growth l World Economic Forum http://wef.ch/1IF5gyH

Developing the #creditunion branch of the future, right now l CU Journal http://bit.ly/1eJhJrz

How To Be A Better Bear: Shorting ETFs vs. Inverse ETFs

Real personal consumption expenditures rose 0.6% in May, the most since August l St. Louis Fed http://bit.ly/1BDOi3Z

Thank you as always for joining us on Saturday for HBCU Money™ Dozen. The 12 most important research and finance articles of the week.