Tag Archives: jobs

Unemployment Rate By HBCU State – March 2017


STATES WITH RISING UNEMPLOYMENT: 5

STATES WITH DECLINING UNEMPLOYMENT: 16

STATES WITH UNCHANGED UNEMPLOYMENT: 3

LOWEST: ARKANSAS & MASSACHUSETTS – 3.6%

HIGHEST: ALABAMA & DISTRICT OF COLUMBIA – 5.8%

STATE – UNEMPLOYMENT RATE (PREVIOUS)*

ALABAMA –  5.8% (6.2%)

ARKANSAS – 3.6% (3.7%)

CALIFORNIA – 4.9% (5.0%)

DELAWARE – 4.5% (4.5%)

DISTRICT OF COLUMBIA – 5.8% (5.7%)

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.

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Unemployment Rate By HBCU State – February 2017


STATES WITH RISING UNEMPLOYMENT: 5

STATES WITH DECLINING UNEMPLOYMENT: 15

STATES WITH UNCHANGED UNEMPLOYMENT: 4

LOWEST: MASSACHUSETTS – 3.4%

HIGHEST – ALABAMA – 6.2%

STATE – UNEMPLOYMENT RATE (PREVIOUS)*

ALABAMA –  6.2% (6.4%)

ARKANSAS – 3.7% (3.8%)

CALIFORNIA – 5.0% (5.1%)

DELAWARE – 4.5% (4.4%)

DISTRICT OF COLUMBIA – 5.7% (5.7%)

FLORIDA – 5.0% (5.0%)

GEORGIA – 5.3% (5.5%)

ILLINOIS – 5.4% (5.7%)

KENTUCKY – 4.9% (5.0%)

LOUISIANA – 5.8% (5.9%)

MARYLAND – 4.2% (4.2%)

MASSACHUSETTS – 3.4% (3.2%)

MICHIGAN – 5.3% (5.2%)

MISSISSIPPI – 5.2% (5.5%)

MISSOURI –  4.1% (4.2%)

NEW YORK – 4.4% (4.6%)

NORTH CAROLINA – 5.1% (5.3%)

OHIO – 5.1% (5.0%)

OKLAHOMA – 4.6% (4.7%)

PENNSYLVANIA – 5.0% (5.2%)

SOUTH CAROLINA – 4.4% (4.4%)

TENNESSEE – 5.3% (5.4%)

TEXAS – 4.9% (4.8%)

VIRGINIA – 3.9% (4.0%)

*Previous month in parentheses.

African America’s March Jobs Report – 8.0%


Overall Unemployment: 4.5% (4.7%)

African America Unemployment: 8.0% (8.1%)

Latino America Unemployment: 5.1% (5.6%)

European America Unemployment: 3.9% (4.1%)

Asian America Unemployment: 3.3% (3.4%)

Previous month in parentheses.

Analysis: Overall unemployment dropped 20 basis points. All groups saw a decline, led by Latino America with 50 basis points.

African American Male Unemployment: 8.2% (7.8%)

African American Female Unemployment: 6.6% (7.1%)

African American Teenage Unemployment: 24.3% (24.3%)

African American Male Participation: 68.1% (67.8%)

African American Female Participation: 62.7% (62.7%)

African American Teenage Participation: 27.7% (30.0%)

Analysis: African American males saw an increase of 40 basis points, while females saw a decrease of 50 basis points in unemployment rates. African American teenagers saw a decrease of 230 basis points in their participation rate, the lowest number in the past five months.

CONCLUSION:  The overall economy added 98 000 jobs in March. A grave disappointment from the 235 000 jobs added in February and approximately half of the 180 000 many economist expected. Many will point to two major stumbling blocks in the economy right now being lack of tax cuts and infrastructure build that would provide stimulus to the economy. It is worth noting that over the past month, ETF indexes that short each of the major indexes have been begun to trend upward. A sign that the air maybe coming out of one of the longest bull runs after a recession in history.

African America currently needs 693 000 jobs to match America’s unemployment rate. An decrease of 45 000 from February.

 

Unemployment Rate By HBCU State – January 2017


STATES WITH RISING UNEMPLOYMENT: 12

STATES WITH DECLINING UNEMPLOYMENT: 10

STATES WITH UNCHANGED UNEMPLOYMENT: 2

LOWEST: MASSACHUSETTS – 3.2%

HIGHEST – ALABAMA – 6.4%

STATE – UNEMPLOYMENT RATE (PREVIOUS)*

ALABAMA –  6.4% (6.2%)

ARKANSAS – 3.8% (3.9%)

CALIFORNIA – 5.1% (5.2%)

DELAWARE – 4.4% (4.3%)

DISTRICT OF COLUMBIA – 5.7% (5.8%)

FLORIDA – 5.0% (4.9%)

GEORGIA – 5.5% (5.4%)

ILLINOIS – 5.7% (5.7%)

KENTUCKY – 5.0% (4.8%)

LOUISIANA – 5.9% (6.1%)

MARYLAND – 4.2% (4.2%)

MASSACHUSETTS – 3.2% (2.8%)

MICHIGAN – 5.2% (5.0%)

MISSISSIPPI – 5.5% (5.6%)

MISSOURI –  4.2% (4.4%)

NEW YORK – 4.6% (4.9%)

NORTH CAROLINA – 5.3% (5.1%)

OHIO – 5.0% (4.9%)

OKLAHOMA – 4.7% (5.0%)

PENNSYLVANIA – 5.2% (5.6%)

SOUTH CAROLINA – 4.4% (4.3%)

TENNESSEE – 5.4% (4.9%)

TEXAS – 4.8% (4.6%)

VIRGINIA – 4.0% (4.1%)

*Previous month in parentheses.

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.