Tag Archives: jobs

Overall Unemployment: 7.2% (7.3%)

African America Unemployment: 12.9% (13.0%)

Latino America Unemployment: 9.0% (9.3%)

European America Unemployment: 6.3% (6.4%)

Asian America Unemployment: 5.3% (5.1%)

Analysis: Overall unemployment dropped 10 basis points. African, European, and Latino Americans saw decreases in their unemployment rates with Latinos seeing the most notable decrease. Asian America saw an uptick but still maintains the lowest unemployment rate of all groups. African America continues to be the only group in double digits.

African American Male Unemployment: 14.0% (13.5%)

African American Female Unemployment: 10.0% (10.6%)

African American Teenage Unemployment: 35.1% (38.2%)

African American Male Participation: 67.9% (66.6%)

African American Female Participation: 61.2% (61.5%)

African American Teenage Participation: 29.4% (28.9%)

*Previous month in parentheses.

Analysis: The unemployment rate for African American men sees a healthy rise of 50 basis points, but participation rate sees its highest number in the past 5 months. African American women see their unemployment rate drop. It worryingly is dropping on the back of the fifth straight month of participation decline for African American women. The teenage group is the only one of the three who sees a drop in unemployment rate and rise in participation. A rare double win for any of the three groups.

Conclusion: The economy added 148 000 jobs as a whole. African American saw a net plus of 151 000 new jobs. The good news is that government hiring picked up, which favors African American employment rising. The bad news is that African America is still too dependent on government employment, something that will continue to be in the crosshairs as governments deal with pension liabilities and other debt. In September, the number of employed African Americans falls dead in the middle with no real trend upwards or downwards over the past five months. The participation rate is at its second lowest over the past five months, but sees its first uptick after four months of straight declines. At this point, the data is hard to get a trending pattern of African American unemployment either way. It could be that for now – no news is good news (or bad news).

Overall Unemployment: 7.3% (7.4%)

African America Unemployment: 13.0% (12.6%)

Latino America Unemployment: 9.3% (9.4%)

European America Unemployment: 6.4% (6.6%)

Asian America Unemployment: 5.1% (5.7%)

Analysis: The unemployment rate overall dropped to 7.3 percent. African America is the only group to see their unemployment rate rise and maintains itself firmly in the double digits. Asian America has the most significant drop. Latino and European America saw negligible drops.

African American Male Unemployment: 13.5% (12.5%)

African American Female Unemployment: 10.6% (10.5%)

African American Teenage Unemployment: 38.2% (41.6%)

African American Male Participation: 66.6% (67.6%)

African American Female Participation: 61.5% (62.0%)

African American Teenage Participation: 28.9% (28.4%)

*Previous month in parentheses.

Analysis: The unemployment rate for African American men saw an significant uptick coupled with a dropping participation rate. African American women also experienced an uptick in their unemployment rate while participation rate dropped. Only the teenage group showed improvement in its unemployment rate and participation rate.

Conclusion: The economy added 169 000 new jobs overall. African America saw a decline a 210 000 in its employed ranks. It is the second lowest number of employed African Americans in the past five months and by far its biggest drop in employment over that same period. African America’s labor force is at its lowest in the past five months. The labor force number indicating that many African Americans are simply giving up on the chance of finding employment. The one bit of light in the coal mine is that African American teenagers picked up 30 000 jobs. Overall,  almost every piece of unemployment data is the worse it has been in five months. A frightening measure as many African American families head back into the school year needing to providing more not less.

Overall Unemployment: 7.4% (7.6%)

African America Unemployment: 12.6% (13.7%)

Latino America Unemployment: 9.4% (9.1%)

European America Unemployment: 6.6% (6.6%)

Asian America Unemployment: 5.7% (5.0%)

Analysis: The unemployment rate overall dropped to 7.4 percent. African America sees the most significant drop although it remains the only group with double digit unemployment. Latino America and Asian America both experience a rise in their unemployment rate with European America’s rate remaining unchanged.

African American Male Unemployment: 12.5% (13.0%)

African American Female Unemployment: 10.5% (12.0%)

African American Teenage Unemployment: 41.6% (43.6%)

African American Male Participation: 67.6% (67.1%)

African American Female Participation: 62.0% (62.3%)

African American Teenage Participation: 28.4% (28.1%)

*Previous month in parentheses.

Analysis: All African American groups saw a decline in their unemployment rates. However, the women who showed the most significant decline also saw a decline in their participation rate. African American men saw a significant uptick in their participation rate while the teenagers saw a negligible uptick.

Conclusion: The overall economy added 162 000 jobs in the month of July. African America added 228 000 jobs in the month of July. The 16.3 million employed African Americans is the largest employed number in the past five months. The participation rate overall for African America remains unchanged from June’s numbers showing that there has not been much increase in the civilian labor force of African America. It remains at the second lowest participation rate over the past five months. Essentially, those who have been looking for work have maintained but no new surge in confidence about employment opportunities seem to be grasping the rest of African America’s labor force. The female participation rate had a concerning drop as they are the linchpin group of the African American household. Their participation rate is the lowest it has been in the past five months but their number of employed is at its highest in five months so it is a mixed bag of results. Overall, the statistics appear to be moving in the right direction for African America but should be approached with some caution until we see the civilian labor force numbers increasing in conjunction with the employed numbers.