African America’s February Jobs Report – 8.1%


Overall Unemployment: 4.8% (4.7%)

African America Unemployment: 8.1% (7.7%)

Latino America Unemployment: 5.6% (5.9%)

European America Unemployment: 4.1% (4.3%)

Asian America Unemployment: 3.4% (3.7%)

Previous month in parentheses.

Analysis: Overall unemployment went unchanged. All groups saw a decline, except for African America, with a 40 basis point increase. Asian and Latino America tied with decreases of 30 basis points.

African American Male Unemployment: 7.8% (7.3%)

African American Female Unemployment: 7.1% (6.7%)

African American Teenage Unemployment: 24.3% (26.9%)

African American Male Participation: 67.8% (68.1%)

African American Female Participation: 62.7% (62.6%)

African American Teenage Participation: 30.0% (30.4%)

Analysis: African American teenagers saw a decline by 260 basis points in their unemployment rate, while men and women saw increases. Only African American women saw a rise in their participation rate by 10 basis points, with men and teenagers seeing significant pullbacks in the area.

CONCLUSION: The overall economy added 235 000 jobs in February. A small uptick from the 227 000 in January, but well above the 190 000 estimates. This is the first jobs report of the Trump presidency and if the goal was to restore European America’s faith that this is their country, then the jobs report definitely reflects it. European Americans added a jaw dropping 429 000 jobs in February, while African America lost 67 000 jobs. A looming rate hike for March could push the economy closer to a recession even though the market seems to be barreling ahead, there is definitely signs of steam coming out in the deeper economic data.

African America currently needs 738 000 jobs to match America’s unemployment rate. An increase of 76 000 from January.

 

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HBCU Money™ Business Book Feature – Confessions of the Pricing Man: How Price Affects Everything


The world’s foremost expert on pricing strategy shows how this mysterious process works and how to maximize value through pricing to company and customer.

In all walks of life, we constantly make decisions about whether something is worth our money or our time, or try to convince others to part with their money or their time. Price is the place where value and money meet. From the global release of the latest electronic gadget to the bewildering gyrations of oil futures to markdowns at the bargain store, price is the most powerful and pervasive economic force in our day-to-day lives and one of the least understood.

The recipe for successful pricing often sounds like an exotic cocktail, with equal parts psychology, economics, strategy, tools and incentives stirred up together, usually with just enough math to sour the taste. That leads managers to water down the drink with hunches and rules of thumb, or leave out the parts with which they don’t feel comfortable. While this makes for a sweeter drink, it often lacks the punch to have an impact on the customer or on the business.

It doesn’t have to be that way, though, as Hermann Simon illustrates through dozens of stories collected over four decades in the trenches and behind the scenes. A world-renowned speaker on pricing and a trusted advisor to Fortune 500 executives, Simon’s lifelong journey has taken him from rural farmers’ markets, to a distinguished academic career, to a long second career as a

n entrepreneur and management consultant to companies large and small throughout the world. Along the way, he has learned from Nobel Prize winners and leading management gurus, and helped countless managers and executives use pricing as a way to create new markets, grow their businesses and gain a sustained competitive advantage. He also learned some tough personal lessons about value, how people perceive it, and how people profit from it.

In this engaging and practical narrative, Simon leaves nothing out of the pricing cocktail, but still makes it go down smoothly and leaves you wanting to learn more and do more―as a consumer or as a business person. You will never look at pricing the same way again.

The Finance & Tech Week In Review – 3/11/17


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.

US Army fires 3D-printed grenade launcher / New Atlas newatl.as/2n9wiMY

Green thinking in the era of Trump / New Scientist bit.ly/2lOfr23

5 studies shaping policy to protect the #highseas / Pew Environment  pew.org/2m5bkOZ

Newer car tech opens doors to CIA attacks / CSOonline ow.ly/sGh4309OvD2

Why our brains may be 100 times more powerful than believed / New Atlas newatl.as/2n7nwPt

School lunch quality and academic performance / NBER http://bit.ly/2n8kISb

Which universities have produced the most ‘unicorn’ founders? / WEF http://wef.ch/2niK24f

10 books that inspired the world’s top start-up investors / WEF http://wef.ch/2na0x38

On farms & in labs, women around the world are making agriculture more resilient. / World Bank http://wrld.bg/jLnS309FyIH

The people who prepare for these changes will be well placed to thrive in emerging financial system. / Harvard Biz http://ow.ly/nKG6309OzjH

HBCU Money™ Business Book Feature – I Can’t Afford to Marry You


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At 19-years-old, Marilyn was one month away from marrying John, her Prince Charming. Imagine her surprise when one day, out of the blue, he asked to see her finances. After revealing this personal information, she was shocked to hear him exclaim, “I can’t afford to marry you!” This was followed by the news that the wedding was off. What Marilyn did next to save face, temporarily cost her to lose self-esteem, but put her on a path to financial righteousness. This book is a must read for all – women, men, couples, and young people-who want to minimize their mistakes, master their money and secure their financial future.

The Finance & Tech Week In Review – 3/4/17


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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.

These are the 22 best universities in emerging economies / WEF wef.ch/2lCMeSB

Why college doesn’t help more in closing racial and ethnic wealth gaps / St. Louis Fed bit.ly/2kz2sf6

This enormous solar power plant just became the biggest in the world / WEF wef.ch/2mdBq1y

You knew millennials were worse off than their parents, but this is how bad it is / WEF wef.ch/2mvIMLw

15 of the CIA’s most intriguing declassified maps / WEF wef.ch/2mdRxMl

Portable 3D printer builds a tiny house for a tiny price / New Atlas newatl.as/2mVpEpG

Astronomer and photographer Zoltan Levay makes distant galaxies beautiful. / Science News  ow.ly/s7zJ309yHRF

Trump announces budget cuts that may give China tech leadership / Computerworld ow.ly/Svss309AnxS

 Apple forfeits teachers’ pet rep as U.S. share sinks / CIO ow.ly/M5uC309AnoX

Advances in coral restoration hold promise for protecting coasts—and economies / Pew Trusts ow.ly/LHUX309Ansk