Tag Archives: jobs

Unemployment Rate By HBCU State – November 2016

Posted on January 10, 2017 by | Leave a comment

mstrtcr1_nov_16

STATES WITH RISING UNEMPLOYMENT: 12

STATES WITH DECLINING UNEMPLOYMENT: 8

STATES WITH UNCHANGED UNEMPLOYMENT: 3

LOWEST: MASSACHUSETTS – 2.9%

HIGHEST – LOUISIANA – 6.2%

STATE – UNEMPLOYMENT RATE (PREVIOUS)*

ALABAMA –  5.9% (5.7%)

ARKANSAS – 4.0% (3.9%)

CALIFORNIA – 5.3% (5.5%)

DELAWARE – 4.3% (4.3%)

DISTRICT OF COLUMBIA – 6.0% (5.9%)

FLORIDA – 4.9% (4.7%)

GEORGIA – 5.3% (5.0%)

ILLINOIS – 5.6% (5.8%)

KENTUCKY – 4.8% (4.9%)

LOUISIANA – 6.2% (6.3%)

MARYLAND – 4.2% (4.3%)

MASSACHUSETTS – 2.9% (4.1%)

MICHIGAN – 4.9% (4.5%)

MISSISSIPPI – 5.7% (6.0%)

MISSOURI –  4.7% (4.7%)

NEW YORK – 5.1% (4.7%)

NORTH CAROLINA – 5.0% (4.7%)

OHIO – 4.9% (4.8%)

OKLAHOMA – 5.1% (5.0%)

PENNSYLVANIA – 5.7% (5.6%)

SOUTH CAROLINA – 4.4% (5.2%)

TENNESSEE – 4.8% (4.3%)

TEXAS – 4.6% (4.6%)

VIRGINIA – 4.2% (3.7%)

*Previous month in parentheses.

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African America’s December Jobs Report – 7.8%

Posted on January 8, 2017 by | Leave a comment

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Overall Unemployment: 4.7% (4.6%)

African America Unemployment: 7.8% (8.0%)

Latino America Unemployment: 5.9% (5.7%)

European America Unemployment: 4.3% (4.2%)

Asian America Unemployment: 2.6% (3.0%)

Previous month in parentheses.

Analysis: Overall unemployment rose 10 basis points to its lowest since August 2007. African and Asian America saw a decline in their unemployment rate, 20 and 40 basis points, respectively. European and Latino America saw increases of 10 and 20 basis points, respectively.

African American Male Unemployment: 7.6% (7.7%)

African American Female Unemployment: 6.8% (7.1%)

African American Teenage Unemployment: 25.7% (26.6%)

African American Male Participation: 67.7% (67.5%)

African American Female Participation: 62.3% (62.6%)

African American Teenage Participation: 27.6% (27.9%)

Analysis: African American men saw a 10 basis point decrease in their unemployment and 20 basis point increase in their participation rate. African American women saw a 30 basis point decrease in their unemployment rate and 30 basis point decrease in their participation rate. African American teenagers saw a 90 basis point decrease in their unemployment rate and a 30 basis point decrease in their participation rate.

CONCLUSION: The overall economy added 156 000 jobs in December. A noticeable difference from the 178 000 in November. African America added a marginal 30 000 jobs in December to end the year. The last jobs report of the Obama Administration shows an African America with some of its strongest employment numbers overall. However, African American teenagers continue to be a flash point of crisis and the African American participation rate remains 100 basis points below Asians and European America. A notable problem given the median income for African American being the lowest of all groups. Wages seem to be heating up across the board, which is a much needed sign for African America.

African America currently needs 619 000 jobs to match America’s unemployment rate. An increase of 114 000 jobs from November.

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African America’s November Jobs Report – 8.6%

Posted on December 5, 2016 by | Leave a comment

jobs

Overall Unemployment: 4.6% (4.9%)

African America Unemployment: 8.1% (8.6%)

Latino America Unemployment: 5.7% (5.7%)

European America Unemployment: 4.2% (4.3%)

Asian America Unemployment: 3.0% (3.4%)

Previous month in parentheses.

Analysis: Overall unemployment dropped 30 basis points to its lowest since August 2007. All groups except Latino America saw a decline in their unemployment rate, who saw their unemployment rate go unchanged. African, Asian, and European America saw declines of 50, 40, and 10 basis points, respectively.

African American Male Unemployment: 7.7% (8.7%)

African American Female Unemployment: 7.1% (7.1%)

African American Teenage Unemployment: 26.6% (27.6%)

African American Male Participation: 67.5% (67.5%)

African American Female Participation: 62.6% (62.3%)

African American Teenage Participation: 28.0% (28.3%)

Analysis: African American men saw a 100 basis point decrease in their unemployment and no change in their participation rate. African American women saw no change in their unemployment rate and 30 basis point increase in their participation rate. African American teenagers saw a 100 basis point decrease in their unemployment rate and a 30 basis point decrease in their participation rate.

CONCLUSION: The overall economy added 178 000 jobs in November. A noticeable difference from the 161 000 in October. African America added a substantial 154 000 jobs in November. Leading to the highest African American employed numbers in the past five months. Unfortunately, despite such robust jobs growth in the month, the participation rate for African American moved only 10 basis points. The participation rate simply refusing to break from this five month bandwidth. All key variables were in the green in an unprecedented fashion, participation rate aside. The labor force increased, employed increased, and unemployed went down. December looms with a rate hike on the horizon and just how it will impact economic planning by small and big businesses alike will not be known for months. The psychological impact of the moment alone will be of significant given one has not happen in almost ten years. Also of note, for the first time since December of 2015, average hourly earnings took a dip.

African America currently needs 505 000 jobs to match America’s unemployment rate. A decrease of 218 000 jobs from October.

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African America’s October Jobs Report – 8.6%

Posted on November 13, 2016 by | Leave a comment

jobs

Overall Unemployment: 4.9% (5.0%)

African America Unemployment: 8.6% (8.3%)

Latino America Unemployment: 5.7% (6.4%)

European America Unemployment: 4.3% (4.4%)

Asian America Unemployment: 3.4% (3.9%)

Previous month in parentheses.

Analysis: Overall unemployment was virtually unchanged. All groups except African America saw a decline in their unemployment rate, who saw a 30 basis point increase in their unemployment rate. Asian, European, and Latino America saw declines of 50, 10, and 70 basis points, respectively.

African American Male Unemployment: 8.7% (8.2%)

African American Female Unemployment: 7.1% (7.0%)

African American Teenage Unemployment: 27.6% (27.2%)

African American Male Participation: 67.5% (67.5%)

African American Female Participation: 62.3% (62.3%)

African American Teenage Participation: 28.3% (30.2%)

Analysis: African American men saw a 50 basis point increase in their unemployment and no change in their participation rate. African American women saw a 10 basis point increase in their unemployment rate and no change in their participation rate. African American teenagers saw a 40 basis point increase in their unemployment rate and a 190 basis point decrease in their participation rate.

CONCLUSION: The overall economy added 161 000 jobs in October. A marginal difference between the 156 000 in September. African America saw a decline of 70 000 jobs in October. The last jobs report before 2016 U.S. presidential election. What does African America’s outlook like now there is a president-elect Donald Trump? It is truly hard to say. The natural reaction is visceral, but there is the possibility that his election continues to galvanize African America to invest in itself and become less dependent on other groups.

African America currently needs 723 000 jobs to match America’s unemployment rate. An increase of 89 000 jobs from August.

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Unemployment Rate By HBCU State – July 2016

Posted on September 6, 2016 by | Leave a comment

Screen Shot 2016-09-06 at 12.48.25 AM

STATES WITH RISING UNEMPLOYMENT: 9

STATES WITH DECLINING UNEMPLOYMENT: 10

STATES WITH UNCHANGED UNEMPLOYMENT: 5

LOWEST: VIRGINIA – 3.7%

HIGHEST – LOUISIANA – 6.3%

STATE – UNEMPLOYMENT RATE (PREVIOUS)*

ALABAMA –  5.7% (6.0%)

ARKANSAS – 3.9% (3.8%)

CALIFORNIA – 5.5% (5.4%)

DELAWARE – 4.3% (4.2%)

DISTRICT OF COLUMBIA – 5.9% (6.0%)

FLORIDA – 4.7% (4.7%)

GEORGIA – 5.0% (5.1%)

ILLINOIS – 5.8% (6.2%)

KENTUCKY – 4.9% (5.0%)

LOUISIANA – 6.3% (6.2%)

MARYLAND – 4.3% (4.3%)

MASSACHUSETTS – 4.1% (4.2%)

MICHIGAN – 4.5% (4.6%)

MISSISSIPPI – 6.0% (5.9%)

MISSOURI –  4.7% (4.5%)

NEW YORK – 4.7% (4.7%)

NORTH CAROLINA – 4.7% (4.9%)

OHIO – 4.8% (5.0%)

OKLAHOMA – 5.0% (4.8%)

PENNSYLVANIA – 5.6% (5.6%)

SOUTH CAROLINA – 5.2% (5.4%)

TENNESSEE – 4.3% (4.1%)

TEXAS – 4.6% (4.5%)

VIRGINIA – 3.7% (3.7%)

*Previous month in parentheses.

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