Tag Archives: unemployment rate

Overall Unemployment: 5.7% (5.6%)

African America Unemployment: 10.3% (10.4%)

Latino America Unemployment: 6.7% (6.5%)

European America Unemployment: 4.9% (4.8%)

Asian America Unemployment: 4.0% (4.2%)

Previous month in parentheses.

Analysis:The overall unemployment saw an increase of 10 basis points. African and Asian America saw declines of 10 and 20 basis points, respectively. European and Latino America saw increases of 10 and 20 basis points, respectively. African America continues to be the only group with double digit unemployment.

African American Male Unemployment: 10.6% (11.0%)

African American Female Unemployment: 8.7% (8.2%)

African American Teenage Unemployment: 29.7% (33.2%)

African American Male Participation: 67.1% (67.8%)

African American Female Participation: 61.3% (61.2%)

African American Teenage Participation: 27.9% (29.0%)

Previous month in parentheses.

Analysis: African American males saw a decrease in both their unemployment rate and participation rate of 40 and 70 basis points, respectively. African American females saw increases in both their unemployment rate and participation rate of 50 and 10 basis points, respectively. African American teenagers saw decreases in both their unemployment rate and participation rate of 350 and 110 basis points, respectively. African American females are the only group with single digit unemployment.

CONCLUSION: The overall economy added 257 000 jobs in the month of January – a surprise to the entire nation and financial community. African America added 21 000 jobs in January marking three straight months of job gains. Unfortunately, African America is seeing its lowest participation rate in the past five months, meaning that despite job gains there is still significant lagging in job creation for the community. It could be a troubling sign as seasonal jobs have come to an end and could prove to be the first of a rough couple of months. Lower oil price estimates should allow for a good hedge for families against these job reductions. The labor force saw no significant increase and in fact saw its population not in the labor force increase 145 000 up to almost 12.2 million. Its highest number in the past five months. Once again showing a tale of multiple Americas. Despite all the headwinds, African America is now 84 000 jobs away from reaching single digit unemployment rate.

Overall Unemployment: 5.6% (5.8%)

African America Unemployment: 10.4% (11.1%)

Latino America Unemployment: 6.5% (6.6%)

European America Unemployment: 4.8% (4.9%)

Asian America Unemployment: 4.2% (4.8%)

Previous month in parentheses.

Analysis: The overall unemployment rate saw a 20 basis point decline. All groups saw declines in their unemployment rates last month with African America experiencing the largest drop of 70 basis points. African America continues to be the only group with double digit unemployment.

African American Male Unemployment: 11.0% (11.2%)

African American Female Unemployment: 8.2% (9.6%)

African American Teenage Unemployment: 33.2% (28.1%)

African American Male Participation: 67.8% (67.1%)

African American Female Participation: 61.2% (62.0%)

African American Teenage Participation: 29.0% (30.3%)

Previous month in parentheses.

Analysis: African American males got a rare combination of declining unemployment and rising participation as the former dropped 20 basis points while the latter rose 70 basis points, respectively. African American females received good news/bad news. Their unemployment rate dropped by 140 basis points, but the more important participation rate also dropped by 80 basis points. African American teenagers suffered a double blow of rising unemployment rate and declining participation rate with the former rising 510 basis points and the latter dropping 130 basis points, respectively.

CONCLUSION: The overall economy added 252 000 jobs in December and brought a close the best year of job growth the country has had in 15 years. African American picked up 93 000 jobs in December to close out 2014 and bringing the total job gains for the year to 812 000. An average of almost 68 000 jobs gained per month. African American females in the labor force showed a significant drop, but number of employed is at its highest in five months, which explains the significant drop in the unemployment rate for the women. African American women continue to be the key driver of economic health in African American households and as they go so goes the African American economy. The Teenage group has seen its ranks of employed drop to its second lowest number in the past five months after rare multi-month run of job gains. A fragile group that remains in crisis. Wages have remained stagnant, but with the collapse in oil prices many non-energy businesses and households are reaping extra income. Just how long they remain low is still up for debate, but could be an opportune time for households to catch up on bills, save some, and buffer for the coming end to seasonal work. African America now needs 101 000 jobs to reach the elusive single digit unemployment rate.

Overall Unemployment: 5.8% (5.8%)

African America Unemployment: 11.1% (10.9%)

Latino America Unemployment: 6.6% (6.8%)

European America Unemployment: 4.9% (4.8%)

Asian America Unemployment: 4.8% (5.0%)

Previous month in parentheses.

Analysis: The overall unemployment rate went unchanged. Rising and falling unemployment was split between the four groups with African and European America both seeing blips upward and Latino and Asian America seeing blips downward. African America continues to be the only group with double digit unemployment.

African American Male Unemployment: 11.2% (10.7%)

African American Female Unemployment: 9.6% (9.4%)

African American Teenage Unemployment: 28.1% (32.6%)

African American Male Participation: 67.1% (67.7%)

African American Female Participation: 62.0% (61.4%)

African American Teenage Participation: 30.3% (29.0%)

Previous month in parentheses.

Analysis: African American males were hit with a double negative seeing their unemployment rate climb 50 basis points and their participation rate decline 60 basis points. African American females had their unemployment rate relatively unchanged with a slight uptick 20 basis points, but a healthy climb in participation rates of 60 basis points. African American teenagers achieved a double positive with their unemployment rate dropping an unprecedented 450 basis points and their participation rate increasing 130 basis points.

CONCLUSION: The overall economy added 321 000 jobs in November. This is the biggest gain of jobs in nearly three years and marks at least ten months of at least 200 000 job gains or more which has not happen in almost thirty years. African America added just 31 000 jobs in November; a rebound from its loss of 41 000 jobs the previous month. In the overall economy white-collar jobs led the way, but the same is not true for African America. African American teenagers led the way with a 56 000 jobs breaking through 500 000 plus employed for the first time this year. A much needed boost for a much maligned group. African American females also had a healthy gain of 86 000 jobs and reaching their second highest participation rate in the past five months. Unfortunately, with African American males in the decline African America now needs 222 000 jobs added to get its unemployment rate to the mythical 9.9 percent. An increase from last month’s 210 000 needed.