Tag Archives: african american jobs report

African America’s July Jobs Report – 7.4%


Overall Unemployment: 4.3% (4.4%)

African America Unemployment: 7.4% (7.1%)

Latino America Unemployment: 5.1% (4.8%)

European America Unemployment: 3.8% (3.8%)

Asian America Unemployment: 3.8% (3.6%)

Previous month in parentheses.

Analysis: Overall unemployment dropped 10 basis points. This returns to matches a 16 year low. African and Latino both saw increases of 30 basis points in their unemployment rates, while Asian and European America’s change was negligible.

African American Male Unemployment: 7.0% (6.3%)

African American Female Unemployment: 6.5% (6.8%)

African American Teenage Unemployment: 23.3% (21.1%)

African American Male Participation: 68.0% (67.5%)

African American Female Participation: 62.5% (62.4%)

African American Teenage Participation: 30.4% (30.8%)

Analysis: African American Females remain a stagnant group in both unemployment and participation rate. African American Males saw quite a rise in their unemployment rate, but with a strong recovery in participation rate after two stagnant months. African American Teenagers saw a step back as their participation rate took a slight hit and unemployment rate rose over 200 basis points. For such a volatile group, this was on the light side.

African American Male-Female Job Gap: 989 000 jobs (945 000 jobs)

CONCLUSION: The overall economy added 209 000 jobs in July. This exceeded many economists expectations and marks 82 straight months of job growth. African America saw a job increase came in at 41 000, a fifth straight month of job gains. This was a significant pickup after a paltry June. The country maybe at full employment, but African America is far from it. It is questionable whether or not African America simply has the infrastructure to spur a massive job growth that would put it in line with the rest of the country. Participation rates for Males recovered, but the overall needle continues to be stagnant. African America’s participation rates trails European American by 40 basis points and Asian America by 170 basis points meaning significant economic stimulus is being lost on a monthly basis. A bigger issue is understanding the wage growth within the group. The BLS does not track earnings by race, but the overall sits at 2.5 percent so likely based on other African America economic trends, African America is bringing up the rear there as well compounding the problem.

African America currently needs 615 000 jobs to match America’s unemployment rate. A increase of 7 000 from June.

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African America’s June Jobs Report – 7.1%


Overall Unemployment: 4.4% (4.3%)

African America Unemployment: 7.1% (7.5%)

Latino America Unemployment: 4.8% (5.2%)

European America Unemployment: 3.8% (3.7%)

Asian America Unemployment: 3.6% (3.6%)

Previous month in parentheses.

Analysis: Overall unemployment rose 10 basis points. This was a rise from the lowest levels since May 2001. African and Latino America dropped 40 basis points, while Asian and European America were negligible in their change.

African American Male Unemployment: 6.3% (6.5%)

African American Female Unemployment: 6.8% (7.0%)

African American Teenage Unemployment: 21.1% (27.3%)

African American Male Participation: 67.5% (67.5%)

African American Female Participation: 62.4% (62.9%)

African American Teenage Participation: 30.8% (31.3%)

Analysis: All three African American groups saw decreases in their unemployment rate, but it was the Teenage group who led the way with an astounding 620 basis point drop. Participation rates though for women and teenagers both declining, while the men had no change.

African American Male-Female Job Gap: 945 000 jobs (1 038 000 jobs)

CONCLUSION: The overall economy added 222 000 jobs in June. This exceeded many economists expectations. African America saw a job increase came in at 16 000, a fourth straight month of job gains. However, job growth appears to be slowing after two months ago coming in at 100 000 and the month prior being at 46 000. Still this is the highest number of employed that African America has seen overall in sometime. Explaining job growth for the country let alone African America at this point has reached a guessing game for many economists. The participation rates continue to be a concern overall, especially among men who continue to see their number slide and women’s participation rate remains erratic at best.

African America currently needs 608 000 jobs to match America’s unemployment rate. A decrease of 108 000 from May.

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.

 

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.