Tag Archives: tariffs

African America’s August 2025 Jobs Report – 7.5%

Overall Unemployment: 4.1%

African America: 7.2%

Latino America: 5.3%

European America: 3.7%

Asian America: 3.6%

Analysis: European Americans’ unemployment rate was unchanged from July. Asian Americans decreased 30 basis points and Latino Americans increased 30 basis points from July, respectively. African America’s unemployment rate increased by 30 basis points from July.

AFRICAN AMERICAN EMPLOYMENT REVIEW

AFRICAN AMERICAN MEN: 

Unemployment Rate – 7.1%

Participation Rate – 69.8%

Employed – 9,893,000

Unemployed – 753,000

African American Men (AAM) saw a increase in their unemployment rate by 10 basis points in August. The group had an increase in their participation rate in August by 190 basis points, there highest participation rate in the past five months. African American Men gained 270,000 jobs in August and saw their number of unemployed increase by 30,000.

AFRICAN AMERICAN WOMEN: 

Unemployment Rate – 6.7%

Participation Rate – 61.4%

Employed – 10,260,000

Unemployed – 739,000

African American Women saw a increase in their unemployment rate by 40 basis points in August. The group increased their participation rate in August by 30 basis points. African American Women gained 13,000 jobs in August and saw their number of unemployed increase by 45,000.

AFRICAN AMERICAN TEENAGERS:

Unemployment Rate – 24.8%

Participation Rate – 29.3%

Employed – 590,000

Unemployed – 195,000

African American Teenagers unemployment rate increased by 310 basis points. The group saw their participation rate increased by 10 basis points in August. African American Teenagers lost 24,000 jobs in August and saw their number of unemployed also increase 25,000.

African American Men-Women Job Gap: African American Women currently have 367,000 more jobs than African American Men in August. This is an decrease from 624,000 in July.

CONCLUSION: The overall economy added 22,000 jobs in August while African America added 260,000 jobs. From Reuters,”The warning bell that rang in the labor market a month ago just got louder,” Olu Sonola, head of U.S. economic research at Fitch Ratings in New York, said in reference to the U.S. labor market. “A weaker-than-expected jobs report all but seals a 25-basis-point rate cut later this month.” Fed Chair Jerome Powell had already reinforced rate cut speculation with an unexpectedly dovish speech at last month’s Fed symposium in Jackson Hole.”

Source: Bureau of Labor Statistics

African America’s July 2025 Jobs Report – 7.2%

Overall Unemployment: 4.1%

African America: 7.2%

Latino America: 4.8%

European America: 3.7%

Asian America: 3.5%

Analysis: European Americans’ unemployment rate increased 10 basis points. Asian Americans increased 40 basis points and Latino Americans increased 20 basis points from June, respectively. African America’s unemployment rate increased by 40 basis points from June.

AFRICAN AMERICAN EMPLOYMENT REVIEW

AFRICAN AMERICAN MEN: 

Unemployment Rate – 7.0%

Participation Rate – 67.9%

Employed – 9,623,000

Unemployed – 723,000

African American Men (AAM) saw a increase in their unemployment rate by 10 basis points in July. The group had a precipitous drop in their participation rate in July by 90 basis points. African American Men lost 129,000 jobs in July and saw their number of unemployed increase by 2,000.

AFRICAN AMERICAN WOMEN: 

Unemployment Rate – 6.3%

Participation Rate – 61.1%

Employed – 10,247,000

Unemployed – 694,000

African American Women saw a increase in their unemployment rate by 50 basis points in July. The group increased their participation rate in July by 20 basis points. African American Women lost 1,000 jobs in July and saw their number of unemployed increase by 60,000.

AFRICAN AMERICAN TEENAGERS:

Unemployment Rate – 21.7%

Participation Rate – 29.2%

Employed – 614,000

Unemployed – 170,000

African American Teenagers unemployment rate increased by 250 basis points. The group saw their participation rate decreased by 80 basis points in July. African American Teenagers added 37,000 jobs in July and saw their number of unemployed also increase 15,000.

African American Men-Women Job Gap: African American Women currently have 624,000 more jobs than African American Men in July. This is an increase from 496,000 in June.

CONCLUSION: The overall economy added 73,000 jobs in July while African America lost 166,000 jobs. From CNBC, “This is a gamechanger jobs report,” said Heather Long, chief economist at Navy Federal Credit Union. “The labor market is deteriorating quickly.” The weak report, including the dramatic revisions, could provide incentive for the Federal Reserve to lower interest rates when it next meets in September. Following the report, futures traders raised the odds of a cut at the meeting to 75.5%, up from 40% on Thursday, according to CME Group data.”

Source: Bureau of Labor Statistics

African America’s June 2025 Jobs Report – 6.8%

Overall Unemployment: 4.1%

African America: 6.8%

Latino America: 4.8%

European America: 3.6%

Asian America: 3.5%

Analysis: European Americans’ unemployment rate has remained steady for four straight months with virtually no change in unemployment rate. Asian Americans decreased 10 basis points and Latino Americans decreased 30 basis points from May, respectively. African America’s unemployment rate increased by 80 basis points from May.

AFRICAN AMERICAN EMPLOYMENT REVIEW

AFRICAN AMERICAN MEN: 

Unemployment Rate – 6.9%

Participation Rate – 68.8%

Employed – 9,752,000

Unemployed – 721,000

African American Men (AAM) saw a increase in their unemployment rate by 170 basis points in June. The group had a mild rebound in their participation rate in June by 30 basis points. African American Men lost 117,000 jobs in June and saw their number of unemployed increase by 181,000.

AFRICAN AMERICAN WOMEN: 

Unemployment Rate – 5.8%

Participation Rate – 60.9%

Employed – 10,248,000

Unemployed – 634,000

African American Women saw a decrease in their unemployment rate by 40 basis points in June. The group decreased their participation rate in June by 80 basis points. African American Women lost 84,000 jobs in June and saw their number of unemployed decrease by 50,000.

AFRICAN AMERICAN TEENAGERS:

Unemployment Rate – 19.2%

Participation Rate – 30.0%

Employed – 651,000

Unemployed – 155,000

African American Teenagers unemployment rate increased by 480 basis points. The group saw their participation rate increased by 210 basis points in June. African American Teenagers added 10,000 jobs in May and saw their number of unemployed also decrease 41,000.

African American Men-Women Job Gap: African American Women currently have 496,000 more jobs than African American Men in June. This is an increase from 463,000 in May.

CONCLUSION: The overall economy added 147,000 jobs in June while African America lost 193,000 jobs. From CNN, “It is becoming harder for Americans to find work: The average duration of unemployment rose from 21.8 weeks to 23 weeks, and the share of unemployed workers who have been out of a job for 27 weeks or longer rose to 23.3%, edging closer to a three-year high. Trump’s tariffs — and the dizzying back and forth on implementing them and pausing them — has caused many businesses to stall major decision-making or spending, including hiring.”

Source: Bureau of Labor Statistics

The Price of Power: Are Tariffs America’s Modern Military Blunder?

“Never interrupt your enemy when he is making a mistake.” – Napoleon Bonaparte

Throughout history, pivotal moments have reshaped the global balance of power—not only through military conflict but also through strategic missteps in policy, diplomacy, and economics. A recent History Hit article highlights some of the greatest military mistakes in history, such as Crassus’ catastrophic defeat at Carrhae, where overconfidence, misjudgment of the enemy, and environmental ignorance led to one of Rome’s most humiliating losses. These cautionary tales echo eerily in today’s geopolitical landscape, especially in the realm of economic warfare.

As the United States doubles down on protectionist policies and tariffs—particularly under the current administration—there’s a growing concern that this approach may not just harm short-term trade balances but fundamentally alter the global power hierarchy.

The Tariff Trap: Echoes of Strategic Overreach

Crassus believed a swift strike against the Parthians would cement his legacy and expand Roman power. But what followed was a lesson in hubris: his troops, ill-prepared for desert warfare and blindsided by superior Parthian tactics, were decimated. The battle didn’t just cost Rome a legion; it shifted the balance of power in the East and emboldened one of its greatest rivals.

Fast-forward to today’s economic theater, and we see the U.S. taking a similarly aggressive stance—this time not with legions, but with tariffs. Aimed largely at China, but also impacting allies and neutral states, these tariffs are designed to correct trade imbalances and protect domestic industries. Yet, critics argue they may have the opposite effect: damaging global supply chains, triggering retaliatory measures, and accelerating the rise of alternative trade blocs that exclude the U.S.

A Self-Inflicted Isolation?

Just as Crassus underestimated the adaptability and strength of the Parthians, the U.S. may be underestimating how quickly other nations can pivot. Countries like China, India, Brazil, and members of the European Union are increasingly forging their own trade alliances, investing in regional self-sufficiency, and moving away from reliance on U.S.-dominated systems like the dollar-based financial architecture.

The unintended result? The U.S. risks isolating itself in a multipolar world. Much like the Roman Empire found itself checked by Parthian resistance, the U.S. could face a world where its economic leverage is no longer unquestioned. Tariffs might win temporary concessions but lose the longer war of global influence.

When Economic Warfare Backfires

Military historians often point to a failure to adapt as the root cause of strategic disasters. In economic terms, adaptation means recognizing the limits of unilateral action in a globalized world. While the administration’s tariffs may play well to domestic audiences—just as Crassus’ ambition did among the Roman elite—the global repercussions could be severe.

Already, we’re seeing fractures: foreign investment pulling away, key allies distancing themselves, and strategic rivals forming new coalitions. As with the Roman-Parthian conflict, a misstep now may not seem fatal—but it could catalyze a power shift that becomes irreversible.

The Rise of Alternative Power Centers

Historically, economic pressure campaigns have often led to innovation and resistance rather than submission. When the British Empire imposed tariffs and restrictive trade policies on the American colonies, the result was not compliance, but revolution. Likewise, today’s U.S. tariffs may incentivize the very independence and resilience among rival economies that they seek to suppress.

China, for example, has responded to tariffs not just with reciprocal measures but with strategic investments in Africa, Southeast Asia, and Latin America. Its Belt and Road Initiative is quietly redrawing global trade routes, offering infrastructure and financing in exchange for long-term influence. By contrast, the U.S.’s transactional and punitive approach to trade may be reducing its appeal as a partner.

Moreover, countries targeted by U.S. tariffs are increasingly engaging in “de-dollarization,” shifting reserves to euros, yuan, or gold, and conducting trade in non-dollar currencies. This weakens the U.S. dollar’s global hegemony, long a cornerstone of American power. If that pillar falls, the repercussions could be enormous—raising borrowing costs, undermining fiscal flexibility, and eroding confidence in U.S. leadership.

Lessons from Napoleon and the Continental System

The perils of economic overreach are not unique to the U.S. or Rome. Napoleon Bonaparte’s Continental System, aimed at crippling Britain by banning European trade with it, is another stark example. Rather than bringing Britain to its knees, it backfired spectacularly, harming France and its allies while boosting British trade with other global partners. It also provoked resistance from within Napoleon’s empire, contributing to its eventual unraveling.

The U.S. may now be embarking on its own version of a Continental System. Efforts to economically isolate China—through sanctions, tech bans, and tariff walls—risk creating a bifurcated global economy. But in doing so, the U.S. could be sealing itself off from markets, innovations, and influence that are shifting eastward.

Domestic Politics and Short-Term Thinking

One key reason economic strategies go awry is the short-termism driven by domestic politics. Leaders prioritize popular moves that yield immediate gains, even if they incur long-term costs. Crassus sought glory; Napoleon pursued dominance; today, leaders may be seeking electoral wins or media headlines.

Tariffs appeal to a certain political base, often associated with nationalist or populist movements. They create the image of a strong, assertive leader defending national interests against foreign exploitation. But while they may boost approval ratings temporarily, they often mask deeper economic vulnerabilities. Industries protected by tariffs may become less competitive, consumers face higher prices, and the innovation that comes from global competition may stall.

The Ripple Effects: Allies, Rivals, and the Global Commons

Perhaps the most underappreciated aspect of the current tariff strategy is how it affects U.S. allies. The assumption that friendly nations will remain loyal regardless of economic strain may be dangerously optimistic. Tariffs have been levied not just against rivals but also against longstanding partners like Canada, the EU, and South Korea. These actions chip away at diplomatic goodwill and create space for competitors like China to step in with more cooperative offers.

Furthermore, the weaponization of trade sets a precedent. If the U.S. can impose tariffs and sanctions for strategic reasons, so can others. This leads to a world where economic interdependence—once a force for peace and prosperity—becomes a source of suspicion and volatility. The global commons of trade, finance, and communication, painstakingly built over decades, could fracture into warring economic blocs.

The implications extend beyond commerce. Shared challenges like climate change, pandemics, and cybersecurity require collective action. An increasingly divided economic world undermines the possibility of unified responses. If each country retreats into its own economic fortress, the global community may find itself ill-equipped to face the transnational threats of the 21st century.

Strategic Patience vs. Tactical Aggression

The choice facing the United States is not between tariffs or surrender. It is between tactical aggression and strategic patience. Tactical aggression offers immediate gratification: the image of toughness, the appearance of winning. Strategic patience demands investment in long-term capability, trust-building with allies, and tolerance for short-term discomfort in exchange for future security.

Countries that have succeeded in shaping global systems have historically chosen the latter path. The post-World War II U.S. helped build institutions like the IMF, World Bank, and WTO not just out of altruism but to ensure a stable environment for its own prosperity. That model worked—arguably too well, as it enabled the rise of competitors. But tearing down the system that sustained U.S. leadership may be more self-defeating than adjusting it to new realities.

Strategic patience also means crafting trade policies that align with national values—protecting labor rights, environmental standards, and technological sovereignty—without resorting to blunt instruments. Tariffs can be part of that toolkit, but they must be wielded with precision, transparency, and foresight.

Innovation, Not Isolation

In a knowledge-based global economy, innovation is the ultimate currency of power. Tariffs may protect legacy industries, but they do little to foster the next generation of breakthroughs. In fact, they often hinder innovation by increasing input costs, disrupting supply chains, and discouraging collaboration.

To maintain global leadership, the U.S. must invest in education, research, and infrastructure. It must attract talent from around the world and create ecosystems where ideas can flourish. Isolationist policies undercut these goals. The more the U.S. turns inward, the less attractive it becomes as a destination for investment, talent, and creativity.

Tech ecosystems are already becoming more fragmented. China is building its own chips, cloud services, and social platforms. The EU is developing digital sovereignty strategies. The risk is not just economic decoupling, but intellectual and technological divergence that reduces shared standards and mutual benefit.

From Carrhae to Currency Wars

The parallels between Crassus’ doomed campaign and today’s trade tensions are not perfect, but they are instructive. Both reflect moments where ambition overtook prudence, and where the assumption of superiority led to vulnerability. Just as Carrhae signaled a shift in Roman fortunes, today’s tariff wars could mark the beginning of a new global order—one in which American dominance is no longer assured.

But unlike Crassus, today’s leaders have the benefit of hindsight. They can study history, learn from its missteps, and course-correct before irreversible damage is done. The question is not whether the U.S. has the power to lead, but whether it has the wisdom to wield that power wisely.

The world is watching. The path chosen now may determine not just the next trade cycle, but the very contours of global power in the decades to come. If history has shown anything, it is that the price of overreach is often paid not in battles lost, but in influence squandered. The challenge before the United States is not merely to defend its markets, but to secure its legacy.

African America’s March 2025 Jobs Report – 6.2%

OVERALL UNEMPLOYMENT: 4.2%

AFRICAN AMERICA: 6.2%

LATINO AMERICA: 5.1%

EUROPEAN AMERICA: 3.7%

ASIAN AMERICA: 3.5%

Analysis: European Americans unemployment rate slips lower to 3.7 percent. Asian Americans increased 30 basis points and Latino Americans decreased 10 basis points from February, respectively. African Americans unemployment rate increased 20 basis points from February.

AFRICAN AMERICAN UNEMPLOYMENT RATE BY GENDER & AGE

AFRICAN AMERICAN MEN: 6.1%

AFRICAN AMERICAN WOMEN: 5.1% 

AFRICAN AMERICAN TEENAGERS: 20.8%

AFRICAN AMERICAN PARTICIPATION BY GENDER & AGE

AFRICAN AMERICAN MEN: 69.3%

AFRICAN AMERICAN WOMEN: 60.9%

AFRICAN AMERICAN TEENAGERS: 30.9%

Analysis: African American Men saw a increase in their unemployment rate by 60 basis points and African American Women after three months of unchanged unemployment rate saw a increase by 30 basis points in March, respectively. African American Men increased their participation rate in March by 100 basis points, their five month high. African American Women decreased their participation rate in March by 180 basis points, their lowest participation rate in the past five months. African American Teenagers unemployment rate increased by 160 basis points. African American Teenagers saw their participation rate increase by 30 basis points in March, their highest participation rate in the past five months for the second straight month.

African American Men-Women Job Gap: African American Women currently have 430,000 more jobs than African American Men in March. This is a decrease from 793,000 in February. This is the lowest ever reported gap by HBCU Money since we began tracking the data.

CONCLUSION: The overall economy added 228,000 jobs in March while African America lost 176,000 jobs. This was led by African American Women losing 266,000 jobs in March dropping their employed to the lowest number in the past five months. From Reuters, “The U.S. economy added far more jobs than expected in March, but President Donald Trump’s sweeping import tariffs could undermine the labor market’s resilience in the months ahead amid sagging business confidence and a stock market selloff.”

Source: Bureau of Labor Statistics