Tag Archives: african american unemployment

Overall Unemployment: 5.6% (5.8%)

African America Unemployment: 10.4% (11.1%)

Latino America Unemployment: 6.5% (6.6%)

European America Unemployment: 4.8% (4.9%)

Asian America Unemployment: 4.2% (4.8%)

Previous month in parentheses.

Analysis: The overall unemployment rate saw a 20 basis point decline. All groups saw declines in their unemployment rates last month with African America experiencing the largest drop of 70 basis points. African America continues to be the only group with double digit unemployment.

African American Male Unemployment: 11.0% (11.2%)

African American Female Unemployment: 8.2% (9.6%)

African American Teenage Unemployment: 33.2% (28.1%)

African American Male Participation: 67.8% (67.1%)

African American Female Participation: 61.2% (62.0%)

African American Teenage Participation: 29.0% (30.3%)

Previous month in parentheses.

Analysis: African American males got a rare combination of declining unemployment and rising participation as the former dropped 20 basis points while the latter rose 70 basis points, respectively. African American females received good news/bad news. Their unemployment rate dropped by 140 basis points, but the more important participation rate also dropped by 80 basis points. African American teenagers suffered a double blow of rising unemployment rate and declining participation rate with the former rising 510 basis points and the latter dropping 130 basis points, respectively.

CONCLUSION: The overall economy added 252 000 jobs in December and brought a close the best year of job growth the country has had in 15 years. African American picked up 93 000 jobs in December to close out 2014 and bringing the total job gains for the year to 812 000. An average of almost 68 000 jobs gained per month. African American females in the labor force showed a significant drop, but number of employed is at its highest in five months, which explains the significant drop in the unemployment rate for the women. African American women continue to be the key driver of economic health in African American households and as they go so goes the African American economy. The Teenage group has seen its ranks of employed drop to its second lowest number in the past five months after rare multi-month run of job gains. A fragile group that remains in crisis. Wages have remained stagnant, but with the collapse in oil prices many non-energy businesses and households are reaping extra income. Just how long they remain low is still up for debate, but could be an opportune time for households to catch up on bills, save some, and buffer for the coming end to seasonal work. African America now needs 101 000 jobs to reach the elusive single digit unemployment rate.

Overall Unemployment: 5.8% (5.8%)

African America Unemployment: 11.1% (10.9%)

Latino America Unemployment: 6.6% (6.8%)

European America Unemployment: 4.9% (4.8%)

Asian America Unemployment: 4.8% (5.0%)

Previous month in parentheses.

Analysis: The overall unemployment rate went unchanged. Rising and falling unemployment was split between the four groups with African and European America both seeing blips upward and Latino and Asian America seeing blips downward. African America continues to be the only group with double digit unemployment.

African American Male Unemployment: 11.2% (10.7%)

African American Female Unemployment: 9.6% (9.4%)

African American Teenage Unemployment: 28.1% (32.6%)

African American Male Participation: 67.1% (67.7%)

African American Female Participation: 62.0% (61.4%)

African American Teenage Participation: 30.3% (29.0%)

Previous month in parentheses.

Analysis: African American males were hit with a double negative seeing their unemployment rate climb 50 basis points and their participation rate decline 60 basis points. African American females had their unemployment rate relatively unchanged with a slight uptick 20 basis points, but a healthy climb in participation rates of 60 basis points. African American teenagers achieved a double positive with their unemployment rate dropping an unprecedented 450 basis points and their participation rate increasing 130 basis points.

CONCLUSION: The overall economy added 321 000 jobs in November. This is the biggest gain of jobs in nearly three years and marks at least ten months of at least 200 000 job gains or more which has not happen in almost thirty years. African America added just 31 000 jobs in November; a rebound from its loss of 41 000 jobs the previous month. In the overall economy white-collar jobs led the way, but the same is not true for African America. African American teenagers led the way with a 56 000 jobs breaking through 500 000 plus employed for the first time this year. A much needed boost for a much maligned group. African American females also had a healthy gain of 86 000 jobs and reaching their second highest participation rate in the past five months. Unfortunately, with African American males in the decline African America now needs 222 000 jobs added to get its unemployment rate to the mythical 9.9 percent. An increase from last month’s 210 000 needed.

Overall Unemployment: 6.1% (6.3%)

African America Unemployment: 10.7% (11.5%)

Latino America Unemployment: 7.8% (7.7%)

European America Unemployment: 5.3% (5.4%)

Asian America Unemployment: 5.1% (5.3%)

Previous month in parentheses.

Analysis: The overall unemployment rate dropped 20 basis points. Latino America was the only group to see a rise in their unemployment rate ticking up 10 basis points. African America saw the largest decline with an 80 basis point drop. Asian and European Americans saw drops of 20 and 10 basis points, respectively. African America continues to be the only group with double digit unemployment.

African American Male Unemployment: 10.9% (11.5%)

African American Female Unemployment: 9.0% (10.0%)

African American Teenage Unemployment: 33.4% (31.1%)

African American Male Participation: 67.5% (66.8%)

African American Female Participation: 61.4% (61.2%)

African American Teenage Participation: 27.8% (27.9%)

Previous month in parentheses.

Analysis: African American males see a drop of 60 basis points in their unemployment rate and an increase in 70 basis points in their participation rate. African American females saw a drop of 100 basis points in their unemployment rate, but a tempered increase of only 20 basis points in their participation rate. African American teenagers suffer a number of setbacks with increases in their unemployment rate by 230 basis points and decrease in participation rate by 10 basis points.

CONCLUSION: The overall economy added 288 000 jobs in June. Significantly more than economist expected after previous months failed to live up to expectations. African America picked up 220 000 jobs in June, completely shattering the abysmal previous months job growth. However, despite this record breaking month of jobs the participation rate is virtually unmoved. An increase of 20 basis points to 61.0 percent, which is not even the high among the previous five months. African America’s participation rate continues to be stuck in a tight band between 60.5 to 61.5 percent. Both men and women were net gainers of jobs for African America, but women who picked up the most jobs have a participation rate that is still the second lowest it has been over the past five months. The teenage group which is highly vulnerable is backsliding at a time of year when teenage unemployment should be picking up. The economy for all intentions “feels” better, but African America could be in for a rude awakening after the midterm elections if the Federal Reserve starts to hint at a rate hike, which might cause companies to lay workers off to keep their equity prices at their current levels. Currently, African American needs approximately 150 000 jobs to get its unemployment rate to 9.9 percent.

Overall Unemployment: 7.0% (7.3%)

African America Unemployment: 12.5% (13.1%)

Latino America Unemployment: 8.7% (9.1%)

European America Unemployment: 6.2% (6.3%)

Asian America Unemployment: 5.3% (5.2%)

Previous month in parentheses.

Analysis: Overall unemployment dropped by 30 basis points. African and Latino American unemployment rates saw significant declines, while European America saw a negligible decline. Asian America’s unemployment rate saw a rise by 10 basis points, but remains the group with the lowest unemployment rate. African American despite its drop remains the only group with a double digit unemployment rate.

African American Male Unemployment: 12.3% (13.0%)

African American Female Unemployment: 11.1% (11.5%)

African American Teenage Unemployment: 35.8% (36.0%)

African American Male Participation: 66.6% (66.8%)

African American Female Participation: 61.4% (61.3%)

African American Teenage Participation: 26.5% (27.3%)

Previous month in parentheses.

Analysis: African American male unemployment rate drops, but their participation also continues to drop. The AAM participation rate is at a five month low. African American female unemployment rate saw a 40 basis point decline, while the second month in a row saw their participation rate tick up 10 basis points. The African American teenage group saw its unemployment rate decline by 20 points, and like the male group saw a second straight month of declines in their participation rate. Participation rate for teenagers has dropped 290 basis points off its five month high.

Conclusion: The overall economy added 203 000 jobs. African America saw its employed ranks rise by 101 000. Unfortunately, the participation rate dropped again dropping to its lowest over the past five months negating any euphoria of the job additions. Last month was a brutal month with five month lows in almost every statistical category for employment for African Americans making November a month more focused on recouping the losses. Just how much of the employment additions are seasonal hires for the holidays will not be known until February when companies will start to shed seasonal hires. The labor force also continues to shrink and is at its lowest number over the past five months as African Americans continue to feel job prospects are simply not there and are simply giving up on looking. Those not in the labor force cracked 12 million for the first time. Times are tough for the African America labor situation with no signs of improvement as 2013 crawls to a close.