Tag Archives: jobs

Unemployment Rate By HBCU State – April 2017


STATES WITH RISING UNEMPLOYMENT: 6

STATES WITH DECLINING UNEMPLOYMENT: 11

STATES WITH UNCHANGED UNEMPLOYMENT: 7

LOWEST: ARKANSAS – 3.5%

HIGHEST: DISTRICT OF COLUMBIA – 5.9%

STATE – UNEMPLOYMENT RATE (PREVIOUS)*

ALABAMA –  5.4% (5.8%)

ARKANSAS – 3.5% (3.6%)

CALIFORNIA – 4.8% (4.9%)

DELAWARE – 4.6% (4.5%)

DISTRICT OF COLUMBIA – 5.9% (5.8%)

FLORIDA – 4.5% (4.8%)

GEORGIA – 5.0% (5.1%)

ILLINOIS – 4.7% (4.9%)

KENTUCKY – 5.1% (5.0%)

LOUISIANA – 5.8% (5.7%)

MARYLAND – 4.3% (4.3%)

MASSACHUSETTS – 3.9% (3.6%)

MICHIGAN – 4.7% (5.1%)

MISSISSIPPI – 5.0% (5.0%)

MISSOURI –  3.9% (3.9%)

NEW YORK – 4.3% (4.3%)

NORTH CAROLINA – 4.7% (4.9%)

OHIO – 5.0% (5.1%)

OKLAHOMA – 4.3% (4.3%)

PENNSYLVANIA – 4.9% (4.8%)

SOUTH CAROLINA – 4.3% (4.4%)

TENNESSEE – 4.7% (5.1%)

TEXAS – 5.0% (5.0%)

VIRGINIA – 3.8% (3.8%)

*Previous month in parentheses.

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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.

 

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.

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.