Monthly Archives: December 2015

African America’s November Jobs Report – 9.4%

jobs

Overall Unemployment: 5.0% (5.0%)

African America Unemployment: 9.4% (9.2%)

Latino America Unemployment: 6.4% (6.3%)

European America Unemployment: 4.3% (4.4%)

Asian America Unemployment: 3.9% (3.5%)

Previous month in parentheses.

Analysis: Overall unemployment went unchanged in the month of November from the previous month. All groups saw rises in their unemployment rates, except European America who saw a 10 basis point decline.

African American Male Unemployment: 9.9% (9.2%)

African American Female Unemployment: 8.0% (8.1%)

African American Teenage Unemployment: 23.7% (25.6%)

African American Male Participation: 66.7% (67.0%)

African American Female Participation: 62.8% (62.5%)

African American Teenage Participation: 27.4% (27.0%)

Previous month in parentheses.

Analysis:African American males had a 70 basis point increase in their unemployment rate and a 30 basis point decrease in their participation rate. African American females had a 10 basis point decrease in their unemployment rate and a 30 basis point increase in their participation rate. African American teenagers  unemployment rate declined 190 basis points and participation rate experienced an increase of 40 basis points.

CONCLUSION: The overall economy added 211 000 jobs in November. African America added a mere 11 000 jobs in November. The African American labor force is at a five month high, but this is more likely due to confidence in seasonal hiring. The participation rate over the past five months remains virtually unchanged meaning that African America’s employment situation is basically doggy paddling in the middle of the economic ocean. Just how much optimism can be put into this current economy with the Federal Reserve set to raise rates for the first time in a decade and uncertainty of how companies will respond is tough to get a pulse on. Many believe the more expensive debt even by only 25 basis points could squeeze the public sector where African America is overly concentrated in employment. The economy’s response to the rate hike could say a lot for the coming year as it relates to African American employment for better or worse. African American needs an increase of 756 000 jobs to match the country’s unemployment rate. A decrease of 61 000 from October’s number.

HBCU Money™ Business Book Feature – The Autobiography of an African American Lawyer in Early Oklahoma

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From Library Journal

Historian Franklin (chair of Bill Clinton’s Initiative of Race and Reconciliation advisory board and a recipient of the Presidential Medal of Freedom) has edited and assembled the autobiography of his late father, Buck Colbert Franklin (1879-1960), who “represented many layers of the human experience?freedman and Native American, farmer and rancher, rural educator and urban professional.” The elder Franklin meticulously reports the daily observances from his youth in the Indian Territory to his practice of law in Tulsa, Oklahoma. The kaleidoscope of approaches and life experiences reflect the many changes, cultural and political, that the indomitable Franklin witnessed throughout his lifetime. Buck Franklin’s ability to understand the complex and appreciate the simple aspects of existence mesmerizes the reader and brings the realities of slavery, poverty, and racial tensions to us in a firsthand account. The anecdotal details in another’s hand might become tiresome, but Franklin’s account holds one’s attention and strongly communicates the honor and stalwartness of his family. For public and academic libraries.?Kay Meredith Dusheck, Animosa, Iowa
Copyright 1998 Reed Business Information, Inc.

About the Author

John Hope Franklin is the fourth child of Buck and Mollie Parker Franklin. The recipient of over one hundred honorary degrees, he is the author of From Slavery to Freedom: A History of African Americans and Race and History: Selected Essays, 1938–1988, among other works. Franklin is James B. Duke Professor of History Emeritus at Duke University.

John Whittington Franklin is the son of John Hope Franklin. He is a program manager for the Center for Folklife and Cultural Heritage at the Smithsonian Institution.

HBCU Money™ Dozen 11/30 – 12/4

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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

Google announces massive clean energy purchase l Computerworld http://bit.ly/1lZZZvs

One in four #food-insecure households visited food pantries in 2014 l USDA http://go.usa.gov/c2X3x

Is quantum physics behind your brain’s ability to think? l New Scientist http://ow.ly/Vrf3e

Canada’s boreal region is home to >1 billion acres of pristine forests & wetlands l Pew Environment http://pew.org/1XciwFi

Big data and the future of healthcare l Computerworld http://bit.ly/1jBmd52

The first effort to edit genes inside the human body will be to treat haemophilia l New Scientist http://ow.ly/VrWZ1

Federal Reserve, Central Banks, & Financial Departments

Which are the world’s healthiest countries? l WEF http://wef.ch/1YxE1xK

Why The #Holidays Make Us Dumb About #Spending l FA Mag http://ow.ly/VrY3d

Small banks facing ‘regulatory overload,’ l American Banker bit.ly/1Nsjna9

Beige Book: Wage pressures were generally stable to increasing l St. Louis Fed http://bit.ly/1HGETw0

Are your financial records ready in case of an emergency? Disaster preparedness resources l KC Fed http://ow.ly/VkBmP

Is there an optimal workday? l WEF http://wef.ch/1HHZIXV

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 /\ December 4, 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) $8.00 (1.27% UP)

M&F Bancorp (MFBP) $3.00 (0.00% UNCH)

Radio One (ROIA) $1.69 (0.89% UP)

African Stock Exchanges

Bourse Regionale des Valeurs Mobilieres (BRVM)  304.99 (0.25% UP)

Botswana Stock Exchange (BSE)  10 506.87 (1.13% DN)

Ghana Stock Exchange (GSE)  1 972.89 (12.74% DN)*

Nairobi Stock Exchange (NSE)  143.26 (N/A)

Johannesburg Stock Exchange (JSE) 49 284.49 (2.26% DN)

International Stock Exchanges

New York Stock Exchange (NYSE) 10 408.86 (1.48% UP)

London Stock Exchange (LSE)  3 438.72 (0.50% DN)

Tokyo Stock Exchange (TOPIX)  1 574.02 (1.80% DN)

Commodities

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