Monthly Archives: June 2017

Unemployment Rate By HBCU State – April 2017


STATES WITH RISING UNEMPLOYMENT: 6

STATES WITH DECLINING UNEMPLOYMENT: 11

STATES WITH UNCHANGED UNEMPLOYMENT: 7

LOWEST: ARKANSAS – 3.5%

HIGHEST: DISTRICT OF COLUMBIA – 5.9%

STATE – UNEMPLOYMENT RATE (PREVIOUS)*

ALABAMA –  5.4% (5.8%)

ARKANSAS – 3.5% (3.6%)

CALIFORNIA – 4.8% (4.9%)

DELAWARE – 4.6% (4.5%)

DISTRICT OF COLUMBIA – 5.9% (5.8%)

FLORIDA – 4.5% (4.8%)

GEORGIA – 5.0% (5.1%)

ILLINOIS – 4.7% (4.9%)

KENTUCKY – 5.1% (5.0%)

LOUISIANA – 5.8% (5.7%)

MARYLAND – 4.3% (4.3%)

MASSACHUSETTS – 3.9% (3.6%)

MICHIGAN – 4.7% (5.1%)

MISSISSIPPI – 5.0% (5.0%)

MISSOURI –  3.9% (3.9%)

NEW YORK – 4.3% (4.3%)

NORTH CAROLINA – 4.7% (4.9%)

OHIO – 5.0% (5.1%)

OKLAHOMA – 4.3% (4.3%)

PENNSYLVANIA – 4.9% (4.8%)

SOUTH CAROLINA – 4.3% (4.4%)

TENNESSEE – 4.7% (5.1%)

TEXAS – 5.0% (5.0%)

VIRGINIA – 3.8% (3.8%)

*Previous month in parentheses.

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African America’s May Jobs Report – 7.5%


Overall Unemployment: 4.3% (4.4%)

African America Unemployment: 7.5% (7.9%)

Latino America Unemployment: 5.2% (5.2%)

European America Unemployment: 3.7% (3.8%)

Asian America Unemployment: 3.6% (3.2%)

Previous month in parentheses.

Analysis: Overall unemployment dropped by 10 basis points to a 16 year low. African America dropped by 40 basis points, the largest drop among all groups. Asian America saw a 40 basis point increase, but remains lowest among all groups. European and Latino America had negligible change.

African American Male Unemployment: 6.5% (7.3%)

African American Female Unemployment: 7.0% (6.9%)

African American Teenage Unemployment: 27.3% (29.3%)

African American Male Participation: 67.5% (68.3%)

African American Female Participation: 62.9% (62.7%)

African American Teenage Participation: 31.3% (30.8%)

Analysis: African American Males had a 80 basis point drop in their unemployment and participation rate. This after three months straight of participation rate growth. African American Females had a slight uptick in unemployment and participation rates. Their participation rate has been virtually unchanged for the past five months. African American Teenagers had a 200 basis point decrease in unemployment rate and 30 basis point increase in their participation as they post a five month high in jobs.

African American Male-Female Job Gap: 1 038 000 jobs (974 000 jobs)

CONCLUSION: The overall economy added 138 000 jobs in May. This is versus an expected 185 000 by surveyed economists. African America saw an increase of 46 000 jobs, but quite a pullback after over 100 000 jobs in April. Despite strong numbers, many can not help but feel apprehensive about the economy’s sluggishness. An expected rate hike in June is still on the table, but it is less certain after two months straight of missed expectations. African America continues to push forward under the Trump administration with its highest employed numbers seeing an increase every month thus far. We know the economy is overdue for a recession, but it is by no means overheated leaving most economist in unfamiliar territory of just what happens going forward.

African America currently needs 717 000 jobs to match America’s unemployment rate. A increase of 4 000 from April.

 

HBCU Money™ Business Book Feature – How Everything Became War and the Military Became Everything


The first serious book to examine what happens when the ancient boundary between war and peace is erased.

Once, war was a temporary state of affairs—a violent but brief interlude between times of peace. Today, America’s wars are everywhere and forever: our enemies change constantly and rarely wear uniforms, and virtually anything can become a weapon. As war expands, so does the role of the US military. Today, military personnel don’t just “kill people and break stuff.” Instead, they analyze computer code, train Afghan judges, build Ebola isolation wards, eavesdrop on electronic communications, develop soap operas, and patrol for pirates. You name it, the military does it.

Rosa Brooks traces this seismic shift in how America wages war from an unconventional perspective—that of a former top Pentagon official who is the daughter of two anti-war protesters and a human rights activist married to an Army Green Beret. Her experiences lead her to an urgent warning: When the boundaries around war disappear, we risk destroying America’s founding values and the laws and institutions we’ve built—and undermining the international rules and organizations that keep our world from sliding towards chaos. If Russia and China have recently grown bolder in their foreign adventures, it’s no accident; US precedents have paved the way for the increasingly unconstrained use of military power by states around the globe. Meanwhile, we continue to pile new tasks onto the military, making it increasingly ill-prepared for the threats America will face in the years to come.

By turns a memoir, a work of journalism, a scholarly exploration into history, anthropology and law, and a rallying cry, How Everything Became War and the Military Became Everything transforms the familiar into the alien, showing us that the culture we inhabit is reshaping us in ways we may suspect, but don’t really understand. It’s the kind of book that will leave you moved, astonished, and profoundly disturbed, for the world around us is quietly changing beyond recognition—and time is running out to make things right.

The Finance & Tech Week In Review – 6/3/17


Every Saturday the HBCU Money staff picks ten articles they were intrigued by and think you will enjoy for some weekend reading impacting finance and tech.

Early humans were long assumed to have traveled south from Alaska. But in Peru, many stayed put. / Science News http://ow.ly/nfoF30ciktY

Seven small businesses to collaborate with Argonne to solve technical challenges / Argonne 

Dragon spacecraft sets out on historic return to space station / New Atlas 

As NASA puts together a mission to Europa, discover another possible home to alien life – just four light years away / New Scientist 

Scientists are maintaining their round-the-clock observations of this mysterious star. / Nova PBS 

America has a problem with opioids. Virtual reality might be the answer / WEF 

Comparing education, income and job data for immigrants vs. native-born / St. Louis Fed 

How to create a strong working relationship, reduce misunderstandings, and increase productivity / HBR http://ow.ly/DOSs30cikJg

Was the 2009 Recovery Act really the biggest economic recovery plan in history? / St. Louis Fed 

Swearing on social media really could cost you your job / WEF