The Finance & Tech Week In Review – 5/13/17

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.

NASA pushes back first Orion manned mission / New Atlas  

How can humans obtain an omega-3-rich human diet from sustainable sources? / Pew Environment

Android smartphones: Which one is right for you? | Computerworld

New ransomware Jaff demands $3,700 payments / CIOonline

A milestone for computers in China / Futurism

How to manage self-motivated and highly intelligent workers / WEF 

Born to lead? The effect of birth order on non-cognitive abilities / NBER  

Why creativity will drive the next industrial revolution / WEF 

Our researcher examines how small banks deal with large shocks, such as natural disasters / Cleveland Fed 

The 21st-century skills every student needs / WEF 



Unemployment Rate By HBCU State – March 2017







ALABAMA –  5.8% (6.2%)

ARKANSAS – 3.6% (3.7%)

CALIFORNIA – 4.9% (5.0%)

DELAWARE – 4.5% (4.5%)


FLORIDA – 4.8% (5.0%)

GEORGIA – 5.1% (5.3%)

ILLINOIS – 4.9% (5.4%)

KENTUCKY – 5.0% (4.9%)

LOUISIANA – 5.7% (5.8%)

MARYLAND – 4.3% (4.2%)

MASSACHUSETTS – 3.6% (3.4%)

MICHIGAN – 5.1% (5.3%)

MISSISSIPPI – 5.0% (5.2%)

MISSOURI –  3.9% (4.1%)

NEW YORK – 4.3% (4.4%)

NORTH CAROLINA – 4.9% (5.1%)

OHIO – 5.1% (5.1%)

OKLAHOMA – 4.3% (4.6%)

PENNSYLVANIA – 4.8% (5.0%)

SOUTH CAROLINA – 4.4% (4.4%)

TENNESSEE – 5.1% (5.3%)

TEXAS – 5.0% (4.9%)

VIRGINIA – 3.8% (3.9%)

*Previous month in parentheses.

African America’s April Jobs Report – 7.9%

Overall Unemployment: 4.4% (4.5%)

African America Unemployment: 7.9% (8.0%)

Latino America Unemployment: 5.2% (5.1%)

European America Unemployment: 3.8% (3.9%)

Asian America Unemployment: 3.2% (3.3%)

Previous month in parentheses.

Analysis: Overall unemployment dropped by 10 basis points. This is the lowest unemployment rate since May 2007. All groups had 10 basis point drops except for Latino America who experienced a 10 basis point increase.

African American Male Unemployment: 7.3% (8.2%)

African American Female Unemployment: 6.9% (6.6%)

African American Teenage Unemployment: 29.3% (24.3%)

African American Male Participation: 68.3% (68.1%)

African American Female Participation: 62.7% (62.7%)

African American Teenage Participation: 30.8% (27.7%)

Analysis: African American Males saw a 90 basis point decrease in unemployment rate and 20 basis point increase in their participation rate. African American Females had a 30 basis point increase in their unemployment rate, while the participation rate went unchanged. Lastly, African American Teenagers unemployment rose by 500 basis points, but also had 310 basis point increase in their participation rate which is the highest over the past five months.

African American Male-Female Job Gap: 974 000 jobs (1.113 million jobs)

CONCLUSION: The overall economy added 211 000 jobs in April. This is versus an expected 185 000 by surveyed economists. African America added a significant 105 000 jobs. The positive numbers across the board should help the Federal Reserve move to a rate hike in June. This is the highest employed number, labor force, and participation rate over the past five months for African America. What is driving this continued push up in jobs? Job growth has been largely concentrated in low-wage areas where African Americans make up a disproportionate amount of the labor force. It continues to be a hold your breath month to month with the economy so late in the economic cycle.

African America currently needs 713 000 jobs to match America’s unemployment rate. A decrease of 20 000 from March.

HBCU Money™ Business Book Feature – Building Wealth One House at a Time

Make your first million and earn a steady income with this updated, essential guide to real estate investing

The collapse in real estate prices from 2007 through 2012 was the most significant event in the real estate industry since the Great Depression. But today, with the real estate market rebounding, a new generation of investors is entering the field, eager to make their fortune.

Building Wealth One House at a Time, 2nd Edition provides you with a practical way to create wealth through an ethical approach of buying, financing, and managing property. Renowned real estate expert John W. Schaub takes you through his 9-step program and explains how to accumulate one million dollars’ worth of houses debt free in any market, while earning a steady cash flow.

This invaluable guide presents fresh strategies for buying and financing property, reflected in six new chapters on topics such as real estate cycles, financing real estate purchases, negotiation techniques, and retirement investing.

You’ll learn how to:

• Finance real estate purchases without going to a bank
• Recognize and capitalize on real estate cycles
• Improve your negotiation skills in any situation
• Avoid common and costly mistakes
• Create cash flow that lasts forever, and much more

Building Wealth One House at a Time, 2nd Edition reveals how virtually anyone can accumulate houses debt free and earn an income for life.

The Finance & Tech Week In Review – 5/6/17

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.

A low risk, high reward approach to innovation l HBR

How far is too far? New evidence on abortion clinic closures, access, and abortions l NBER

What are 3 unique strategies for unplugging from #work? l Inc.

How to Launch a Successful Portfolio Career l HBR

What will healthcare look like in 2030? l WEF

Ordinary pill bottle has a clever electronic cap l New Atlas

Are you a #SmallBiz owner innovating green technology? Learn about our #EPAsbir program l EPA

Dutch Transit Agency Hermes Achieves 1,000,000 All-Electric Kilometers l Clean Technica

Mobileye: Mapping Tech To Be Profitable Long Before Self-Driving Vehicles Hit The Road l Clean Technica

Invisibility cloaks, teleporters – impossible things the laws of physics may allow l New Scientist