OVERALL UNEMPLOYMENT: 4.2%
AFRICAN AMERICA: 6.4%
LATINO AMERICA: 5.3%
EUROPEAN AMERICA: 3.8%
ASIAN AMERICA: 3.8%
Analysis: European Americans unemployment rate has been at 3.8 percent for four of the past five months. Asian Americans decreased 10 basis points and Latino Americans increased 20 basis points from October, respectively. African Americans unemployment rate increased 70 basis points from October. This is the highest African American unemployment rate in the past five months.
AFRICAN AMERICAN UNEMPLOYMENT RATE BY GENDER & AGE
AFRICAN AMERICAN MEN: 6.0%
AFRICAN AMERICAN WOMEN: 6.0%
AFRICAN AMERICAN TEENAGERS: 18.1%
AFRICAN AMERICAN PARTICIPATION BY GENDER & AGE
AFRICAN AMERICAN MEN: 68.7%
AFRICAN AMERICAN WOMEN: 62.3%
AFRICAN AMERICAN TEENAGERS: 27.8%
Analysis: African American Men saw an increase in their unemployment rate by 30 basis points and African American Women increased by 110 basis points. African American Men decreased their participation rate in November by 60 basis points. African American Women decreased in their participation rate in November by 30 basis points. African American Teenagers unemployment rate increased by 90 basis points. African American Teenagers saw their participation rate decrease by 120 basis points in November, they are now at their second lowest participation rate in the past five months.
African American Men-Women Job Gap: African American Women currently have 640,000 more jobs than African American Men in November. This is an decrease from 693,000 in October.
CONCLUSION: The overall economy added 220,000 jobs in November while African America lost 276,000 jobs. From Yahoo! Finance, “Hurricanes and a strike by Boeing (BA) workers weighed heavily on the October report, which was revised to show there were 36,000 jobs created last month. The unemployment rate stood at 4.1% in October. Job growth for September was also revised higher on Friday, with revisions now indicating the US economy added 56,000 more jobs than initially reported over those two months.”
HBCU Money 