Monthly Archives: October 2014

African America’s September Jobs Report – 11.0%

jobs_pic

Overall Unemployment: 5.9% (6.1%)

African America Unemployment: 11.0% (11.4%)

Latino America Unemployment: 6.9% (7.5%)

European America Unemployment: 5.1% (5.3%)

Asian America Unemployment: 4.3% (4.5%)

Previous month in parentheses.

Analysis: The overall unemployment rate dropped 20 basis points. All four groups saw declines in their unemployment rates. Latino America led the way with the largest decline of 60 basis points. African America continues to be the only group that remains with a double digit unemployment rate.

African American Male Unemployment: 11.0% (10.8%)

African American Female Unemployment: 9.6% (10.6%)

African American Teenage Unemployment: 30.5% (32.8%)

African American Male Participation: 68.5% (67.3%)

African American Female Participation: 61.4% (61.5%)

African American Teenage Participation: 28.6% (25.9%)

Previous month in parentheses.

Analysis: African American males saw their unemployment rate raise 20 basis points and their participation rate climb 120 basis points. African American females saw their unemployment rate drop 100 basis points and their participation rate drop 10 basis points. African American teenagers unemployment rate dropped 230 basis points and their participation rates climbed 270 basis points.

CONCLUSION: The overall economy added 248 000 jobs in September. Considered a healthy bounce back after a disappointing August. For the first time in a significant period, African America’s job growth actually outpaced the country adding 288 000 jobs in September. Over the past five months job growth for African America has grown 2.5 percent which outpaces both Latino and European America. The African American teenagers were the run away winners of the September boom with a significant increase  and decrease in participation and unemployment rate, respectively. A group that remains in an employment crisis, but has its largest number of employed in the past five months. A significant impact for African American families who are often dependent on teenager wages. If African America can hold its current labor force and add 210 000 jobs in the month of October, then it will actually break the elusive almost unicorn-like single digit unemployment rate that continues to elude African America.

HBCU Money™ Business Book Feature – Green Power: The Successful Way of A.G. Gaston

51tkZSZeDQL._SY344_BO1,204,203,200_

“Green Power” is the story of Arthur George Gaston, a man who became one of the greatest entrepreneurs of the 20th century. His is the classic story of the American Dream, but what he achieved came not merely in the face of poverty or challenging circumstances. Dr. Gaston also had to overcome the hope-crushing segregation of the Jim Crow South. At the time of this republishing of “Green Power,” 50 years have come and gone since the height of the struggle for civil rights in his hometown of Birmingham, Ala. As we commemorate the strength of those who struggled for equality a half century ago, we should include Dr. Gaston in that discussion.

HBCU Money™ Dozen 9/29 – 10/3

5+9+11+037

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.

Research

JPMorgan Chase breach affected 83 million customer l Network World http://ow.ly/CfGBq

Want to avoid bad blackouts? Build a power grid that looks like a snowflake l New Scientist http://ow.ly/CfBCE

White House Cybersecurity Plans Hinge on Industry Dialogue l CIOonline http://trib.al/BjV4V40

Startups look to eliminate routers, switches l Network World http://ow.ly/CfGZP

Global Clean Energy Investment Continues Year-Long Recovery l Clean Technica http://dlvr.it/75TG2F

Land-based weather gauge stations collect important data for watershed assessments l EPA Research http://go.usa.gov/dPjR

Federal Reserve, Central Banks, & Financial Departments

Is emotional intelligence as important as many think? l WEF http://wef.ch/1vjLnW5

Creating more homeowners without building a crisis l Housing Wire http://hwi.re/75VX1x

How does the velocity of money affect inflation rates? l St. Louis Fed http://bit.ly/1plWTvf

Collaboration versus Competition: Lessons from a #Bankers for#Hospital #ACA l SF Fed http://bit.ly/1vB3kRk

Analysis of the social, economic, political, cultural barriers encountered by young Tunisians l World Bank http://wrld.bg/Cfker

Which geopolitical risks might unnerve the markets? l WEF http://wef.ch/1r7sim2

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 /\ October 3, 2014

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

NAME TICKER PRICE (GAIN/LOSS %)

African American Publicly Traded Companies

Citizens Bancshares Georgia (CZBS) $8.60 (0.00% UNCH)

M&F Bancorp (MFBP) $5.37 (0.00% DN)

Radio One (ROIA) $2.68 (1.11% DN)

African Stock Exchanges

Bourse Regionale des Valeurs Mobilieres (BRVM)  255.51 (0.15% UP)

Botswana Stock Exchange (BSE)  9 490.41 (0.15% UP)

Ghana Stock Exchange (GSE)  2 222.53 (3.60% UP)*

Nairobi Stock Exchange (NSE)  163.66 (N/A)

Johannesburg Stock Exchange (JSE) 48 613.19 (0.88% UP)

International Stock Exchanges

New York Stock Exchange (NYSE) 10 635.50 (0.76% UP)

London Stock Exchange (LSE)  3 485.96 (1.26% UP)

Tokyo Stock Exchange (TOPIX)  1 282.54 (0.19% UP)

Commodities

Screen Shot 2014-10-03 at 3.48.58 PM

HBCU Money™ Presents: 2013-2014’s Public HBCU Presidents By Salary/Compensation

HBCU Money’s inaugural gathering of presidential salaries at the nation’s public HBCUs.

HIGHLIGHTS

  • HBCU presidents’ salaries are 38 percent below the national median for public university presidents.
  • America’s top 3 paid public university presidents’ (pictured below) compensation is equivalent of 61.7 percent of all reported public HBCU presidential compensation combined.

Screen Shot 2014-08-29 at 4.03.53 PM

Elmira Mangum – Florida A&M University – $425 000

John Rudley – Texas Southern University – $390 000

David Wilson – Morgan State University – $382 500

Ronald Mason – Southern University Board of Supervisors – $374 000

Keith Miller – Virginia State University – $356 524

Harold Martin – North Carolina A&T University – $350 914

David Hall – University of Virgin Islands – $350 000

George Wright – Prairie View A&M University – $349 000

Glenda Glover – Tennessee State University – $305 415

James Lyons – University of the District of Columbia – $303 850

Gwendolyn Boyd – Alabama State University – $300 000

Carolyn Meyers – Jackson State University – $286 450

Debra Saunders-White – North Carolina Central University – $285 000

Rudy Chew – Medgar Evers College – $280 000

Mickey Burnim – Bowie State University – $278 256

Mortimer Neufville – Coppin State University – $265 000

Raymond Burse – Kentucky State University – $259 745

Juliette Bell – University of Maryland Eastern Shore – $255 000

Laurence Alexander – University of Arkansas-Pine Bluff – $250 000

Cheryl Dozier – Savannah State University – $245 000

Donald Reaves – Winston-Salem State University – $239 850**

James Anderson – Fayetteville State University – $239 590

Andrew Hugine – Alabama A&M University – $230 000

James Llorens – Southern University System President – $230 000

Larry Rivers – Fort Valley State University – $227 000

Everette Freeman – Albany State University – $225 000

Kent Smith, Jr. – Langston University – $220 000

Dwaun Warmack – Harris-Stowe State University – $217 000

Frank Pogue – Grambling State University – $200 000

Viktor Ukpolo – Southern University New Orleans – $187 000

Thomas Elzey – South Carolina State University – $170 000

Wayne Watson – Chicago State University – $146 363

Ray Belton – Southern University Shreveport – $142 311

Cheyney University of Pennsylvania – N/A*

Elizabeth City State University – N/A*

Norfolk State University – N/A*

Alcorn State University***

Central State University***

Delaware State University***

Lincoln University (MO)***

Lincoln University (PA)***

*Currently has no permanent president or chancellor.

** Steps down effective 12/31/2014

*** Unable to obtain 2013-2014 public records for presidential salary