Tag Archives: african america

African America’s May Unemployment Report – 13.5%


jobs_pic

Overall Unemployment: 7.6% (7.5%)

African America Unemployment: 13.5% (13.2%)

Latino America Unemployment: 9.1% (9.0%)

European America Unemployment: 6.7% (6.7%)

Asian America Unemployment: 4.3% (5.1%)

Analysis: Overall unemployment saw a rise primarily due to a rise in the number of people entering the labor force. African America saw the largest rise in unemployment rate among all groups. Latino and European America experienced virtually no change. Asian America was the only group with a significant drop in its unemployment rate. African America remains the only group with double digit unemployment.

African American Male Unemployment: 13.5% (12.6%)

African American Female Unemployment: 11.2% (11.6%)

African American Teenage Unemployment: 42.6% (40.5%)

African American Male Participation: 67.9% (67.4%)

African American Female Participation: 62.5% (62.3%)

African American Teenage Participation: 28.0% (27.5%)

*Previous month in parentheses.

Analysis: African American male unemployment saw a sharp uptick. African American women saw another healthy decline in their unemployment rate. The teenage group continues to see significant rises in unemployment. All three groups saw a rise in their participation rates suggesting more African Americans looking for work in the month of May.

Conclusion: The overall economy added 175 000 in the month of May. African America after adding 100 000 jobs last month in April only added an estimated 35 000 jobs in May. There just does not seem to be much to enjoy right now if you are African America still trying to recover from over 5 years ago now. Job growth in the private sector for African America is moving at a snail pace if it is moving at all. The continued crisis that is African American teenage unemployment continues unabated. Civilian labor force (those looking for work) has picked up for a second straight month but it is fairly apparent there are not many places for them to go. African American men have lost 70 000 jobs over the past two months. Thankfully, African American women have netted 260 000 jobs over that same two month stretch. Given the latter group is more vital to African American households economically speaking they are once again carrying the majority of the household burden. African American teenagers have lost 60 000 jobs over the past two months as well. It appears while more African Americans are looking for jobs it might be more a result of the continuing job loss for African America not job gains that is spurring them to do so.

HBCU Money™ Business Book Feature – Black Asset Poverty and the Enduring Racial Divide


41t1WQ7cm3L._SL500_SS500_
Claims of a postracial society notwithstanding, there are enormous and even expanding differences in the level of assets owned by various racial and ethnic groups and black families are vastly overrepresented among the asset poor. Lori Martin provides an in-depth exploration of the causes and consequences of racial wealth inequality.Drawing on both national data and case studies from New York City, Martin probes the reasons for discrepancies in wealth accumulation and their significance for black Americans of all economic classes. Her work allows a deeper understanding of the impact of asset poverty on individuals, families, communities, and the nation as a whole.

African America’s Top 5 Highest Paid Media Personalities Of 2012


6a00d83451d69069e20133f2b15056970b-pi

How good is it to be the man with second ranked courtroom show and the longest running court show featuring an African American judge? It is good enough to ensure you make more money than the next 4 on our list combined. These 5 combine to bring in $34.5 million annually in salary and often have the ears and eyes of millions on a daily basis. A nice day’s work at the office – or in this case the studio.

1 – Judge Joe Brown (pictured above)

2012 Salary: $20 Million

Show: Judge Joe Brown Show

2 – Al Roker

2012 Salary: $7 Million

Show: NBC News

3 – Robin Roberts

2012 Salary: $6 Million

Show: ABC News

4 – Gayle King

2012 Salary: $2 Million

Show: CBS News

5 – Sherri Shepherd

Salary: $1.5 Million

Show: The View

Source: TV Guide; Daily Beast; Huffington Post

African America’s December Unemployment Report – 14.0%


Overall Unemployment: 7.8% (7.7%)

African America Unemployment: 14.0% (13.2%)

Latino America Unemployment: 9.6% (9.9%)

European America Unemployment: 6.9% (6.8%)

Asian America Unemployment: 6.6% (6.4%)

Analysis: Unemployment rates rose across the board for all groups. Asian America maintains the lowest rate. African America showed the largest increase of all groups.

African American Male Unemployment: 14.0% (12.9%)

African American Female Unemployment: 12.2% (11.5%)

African American Teenage Unemployment: 40.5% (39.3%)

African American Male Participation: 67.4% (66.9%)

African American Female Participation: 62.2% (62.3%)

African American Teenage Participation: 25.1% (27.0%)

*Previous month in parentheses.

Analysis: African America saw substantial rises in all groups for unemployment rate. Overall African America added 29 000 jobs. African American male’s saw the largest rise in unemployment rate among all three groups. African America male’s were also the only group to see a rise in their participation rate which is a positive sign as they added 73 000 jobs. African American females participation rate remained stagnant but were able to add 10 000 jobs. Unfortunately, African American teenagers saw their unemployment rate rise and their participation rate fall as they shed 53 000 jobs. African American teenagers continue to be a crisis area for African America largely unnoticed.

Conclusion: African America made up 18.7 percent of the new jobs in December. A percentage well above the population’s percentage but still too few jobs to gain any economic ground amongst the other groups. While the African American male gain is promising, teenage employment loss is extremely troubling given the dependency on African American teenage income for families. African American teenagers continue to have the third highest unemployment rate in the developed world. The gains among African American males is a positive but should be taken with some reservation since most are occurring in low wage jobs. Underemployment continues to plague African America into the new year. As seasonal jobs are shed over the next month we could see the unemployment situation worsen for African America.

Source: Department of Labor

HBCU Money™ Business Book Feature – Inherently Unequal: The Betrayal of Equal Rights by the Supreme Court, 1865-1903


unequal

A potent and original examination of how the Supreme Court subverted justice and empowered the Jim Crow era.

In the years following the Civil War, the 13th Amendment abolished slavery; the 14th conferred citizenship and equal protection under the law to white and black; and the 15th gave black American males the right to vote. In 1875, the most comprehensive civil rights legislation in the nation’s history granted all Americans “the full and equal enjoyment” of public accommodations. Just eight years later, the Supreme Court, by an 8-1 vote, overturned the Civil Rights Act as unconstitutional and, in the process, disemboweled the equal protection provisions of the 14th Amendment. Using court records and accounts of the period, Lawrence Goldstone chronicles how “by the dawn of the 20th century the U.S. had become the nation of Jim Crow laws, quasi-slavery, and precisely the same two-tiered system of justice that had existed in the slave era.”

The very human story of how and why this happened make Inherently Unequal as important as it is provocative. Examining both celebrated decisions like Plessy v. Ferguson and those often overlooked, Goldstone demonstrates how the Supreme Court turned a blind eye to the obvious reality of racism, defending instead the business establishment and status quo–thereby legalizing the brutal prejudice that came to define the Jim Crow era.