Monthly Archives: May 2015

The HBCU Money™ Weekly Market Watch

Our Money Matters /\ May 15, 2015

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) $8.75 (1.35% DN)

M&F Bancorp (MFBP) $4.70 (0.00% UNCH)

Radio One (ROIA) $3.67 (1.87% DN)

African Stock Exchanges

Bourse Regionale des Valeurs Mobilieres (BRVM)  262.57 (0.17% DN)

Botswana Stock Exchange (BSE)  10 394.50 (0.09% UP)

Ghana Stock Exchange (GSE)  2 301.02 (1.77% UP)*

Nairobi Stock Exchange (NSE)  167.82 (N/A)

Johannesburg Stock Exchange (JSE) 54 028.17 (0.29% UP)

International Stock Exchanges

New York Stock Exchange (NYSE) 11 197.37 (0.09% DN)

London Stock Exchange (LSE)  3 779.96 (0.07% DN)

Tokyo Stock Exchange (TOPIX)  1 607.11 (0.98% UP)

Commodities

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Unemployment Rate By HBCU State – March 2015

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STATES WITH RISING UNEMPLOYMENT: 7

STATES WITH DECLINING UNEMPLOYMENT: 13

STATES WITH UNCHANGED UNEMPLOYMENT: 4

MEDIAN UNEMPLOYMENT (HBCU TERRITORIES) – 5.6%

LOWEST: OKLAHOMA – 3.9%

HIGHEST – DISTRICT OF COLUMBIA – 7.7%

STATE – UNEMPLOYMENT RATE (PREVIOUS)*

ALABAMA –  5.7% (5.8%)

ARKANSAS – 5.6% (5.5%)

CALIFORNIA – 6.5% (6.7%)

DELAWARE – 4.6% (4.8%)

DISTRICT OF COLUMBIA – 7.7% (7.8%)

FLORIDA – 5.7% (5.6%)

GEORGIA – 6.3% (6.3%)

ILLINOIS – 6.0% (6.0%)

KENTUCKY – 5.1% (5.2%)

LOUISIANA – 6.6% (6.7%)

MARYLAND – 5.4% (5.5%)

MASSACHUSETTS – 4.8% (4.9%)

MICHIGAN – 5.6% (5.9%)

MISSISSIPPI – 6.8% (7.0%)

MISSOURI –  5.6% (5.5%)

NEW YORK – 5.7% (5.8%)

NORTH CAROLINA – 5.4% (5.3%)

OHIO – 5.1% (5.1%)

OKLAHOMA – 3.9% (3.9%)

PENNSYLVANIA – 5.3% (5.2%)

SOUTH CAROLINA – 6.7% (6.6%)

TENNESSEE – 6.3% (6.6%)

TEXAS – 4.2% (4.3%)

VIRGINIA – 4.8% (4.7%)

*Previous month in parentheses.

African America’s April Jobs Report – 9.6%

jobs

Overall Unemployment: 5.4% (5.5%)

African America Unemployment: 9.6% (10.1%)

Latino America Unemployment: 6.9% (6.8%)

European America Unemployment: 4.7% (4.7%)

Asian America Unemployment: 4.4% (3.2%)

Previous month in parentheses.

Analysis: Overall the unemployment rate dropped by 10 basis points. Asian America saw a significant rise of 120 basis points. Latino America saw a negligible rise of 10 basis points, while European America went unchanged. African American was the only group with a decline which constituted a 50 basis point drop.

African American Male Unemployment: 9.2% (10.0%)

African American Female Unemployment: 8.8% (9.2%)

African American Teenage Unemployment: 27.5% (25.0%)

African American Male Participation: 68.7% (67.2%)

African American Female Participation: 61.9% (61.4%)

African American Teenage Participation: 27.2% (25.7%)

Previous month in parentheses.

Analysis: African American males saw a 80 basis point drop in their unemployment rate and 150 basis point increase in their participation rate. African American females saw a 40 basis point drop in their unemployment rate and a 50 basis point increase in their participation rate. African American teenagers saw a 250 basis point increase in their unemployment rate and 150 basis point increase in their participation rate.

CONCLUSION: The overall economy added 223 000 jobs in April. African America added 400 000 jobs in April. The largest job increase since HBCU Money started tracking the data. Wages also saw an important uptick of 2.2 percent. The wage increase is expected to continue if the labor supply continues to shrink forcing companies and organizations into competition over limited labor supply. What remains uncertain is what drove such an outsized employment increase after an abysmal 7 000 jobs added the month before. If nothing it continues to show that African America’s employment condition will continue on a roller coaster of a ride.

HBCU Money™ Business Book Feature – The Negro As Capitalist

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A study of the efforts of the Black community to provide for itself those banking services often denied it by the white financial community._”An absorbing and thoroughly documented account, the book merits close study not only by those who are specialists in the field of banking but also by those who are interested in the economic plight of the Negro.”

HBCU Money™ Dozen 5/4 – 5/8

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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

The US and CERN upgrade their relationship l Symmetry Magazine http://ow.ly/MEVVI

Cloud disasters can and will happen. Are you prepared? l Networkworld http://ow.ly/MEX65

Could mathematics provide a fairer way to vote? l New Scientist http://ow.ly/MEXtT

Human vs machine as top poker pros take on AI in a $100,000 competition l New Scientist http://ow.ly/MEXyQ

Why protecting these trees is “ecological insurance for future generations” l Pew Environment http://bit.ly/1HwqFMA

Clean Energy For Us Startup Speeds Renewable Energy & Energy Efficiency Adoption l Clean Technica http://dlvr.it/9jYPTb

Federal Reserve, Central Banks, & Financial Departments

A new approach to studying #urban & peri-urban land markets l World Bank http://wrld.bg/MEwr2

5 warning signs that your business is failing l World Economic Forum http://wef.ch/1IgdDkZ

More Americans size up real estate overseas l Housing Wire http://hwi.re/9jf7ct

Do #transport costs still matter, or has the world ‘become flat’ for businesses? l World Economic Forum http://wef.ch/1GQx5AL

Income inequality is growing in the District, but not as fast as in the nation l St. Louis Fed http://bit.ly/1DRbmXj

What’s the median hourly wage by industry? Find out in the #ATLFedReport #WageGrowth l Atlanta Fed http://goo.gl/QzJhiq

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