Tag Archives: us economy

African America’s March 2025 Jobs Report – 6.2%

Posted on April 7, 2025 by hbcumoney | Leave a comment

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

African America’s February 2025 Jobs Report – 6.0%

Posted on March 15, 2025 by hbcumoney | Leave a comment

OVERALL UNEMPLOYMENT: 4.1%

AFRICAN AMERICA: 6.0%

LATINO AMERICA: 5.2%

EUROPEAN AMERICA: 3.8%

ASIAN AMERICA: 3.2%

Analysis: European Americans unemployment rate pushes higher to 3.8 percent, a return to its five month high. Asian Americans decreased 50 basis points and Latino Americans increased 40 basis points from January, respectively. African Americans unemployment rate decreased 20 basis points from January. This is the second lowest rate in the past five months.

AFRICAN AMERICAN UNEMPLOYMENT RATE BY GENDER & AGE

AFRICAN AMERICAN MEN: 5.5%

AFRICAN AMERICAN WOMEN: 5.4%

AFRICAN AMERICAN TEENAGERS: 19.2%

AFRICAN AMERICAN PARTICIPATION BY GENDER & AGE

AFRICAN AMERICAN MEN: 68.3%

AFRICAN AMERICAN WOMEN: 62.7%

AFRICAN AMERICAN TEENAGERS: 30.6%

Analysis: African American Men saw a decrease in their unemployment rate by 140 basis points and African American Women remain unchanged in February, respectively. African American Men decreased their participation rate in February by 70 basis points. African American Women increased their participation rate in February by 20 basis points, their highest participation rate in the past five months. African American Teenagers unemployment rate increased by 970 basis points. African American Teenagers saw their participation rate increase by 530 basis points in February, their highest participation rate in the past five months.

African American Men-Women Job Gap: African American Women currently have 793,000 more jobs than African American Men in February. This is a decrease from 806,000 in January.

CONCLUSION: The overall economy added 151,000 jobs in February while African America added 80,000 jobs. From CNBC, “The report comes amid efforts from Elon Musk’s Department of Government Efficiency to pare down the federal government, starting with buyout incentives and including mass firings that have impacted multiple departments. Though the reductions likely won’t be felt fully until coming months, the efforts are beginning to show. Federal government employment declined by 10,000 in February though government payrolls overall increased by 11,000, the BLS said. Many of the DOGE-related layoffs happened after the BLS survey reporting period, meaning they won’t be included until the March report. Outplacement firm Challenger, Gray & Christmas reported earlier this week that announced layoffs under Musk’s efforts totaled more than 62,000.”

Source: Bureau of Labor Statistics

African America’s January 2025 Jobs Report – 6.2%

Posted on February 19, 2025 by hbcumoney | Leave a comment

OVERALL UNEMPLOYMENT: 4.0%

AFRICAN AMERICA: 6.2%

LATINO AMERICA: 4.8%

EUROPEAN AMERICA: 3.5%

ASIAN AMERICA: 3.7%

Analysis: European Americans unemployment rate pushes lower to 3.5 percent, its lowest rate in the past five months for the second month in a row. Asian Americans increased 20 basis points and Latino Americans decreased 30 basis points from December, respectively. African Americans unemployment rate increased 10 basis points from December. This is the second highest rate in the past five months.

AFRICAN AMERICAN UNEMPLOYMENT RATE BY GENDER & AGE

AFRICAN AMERICAN MEN: 6.9%

AFRICAN AMERICAN WOMEN: 5.4%

AFRICAN AMERICAN TEENAGERS: 9.5%

AFRICAN AMERICAN PARTICIPATION BY GENDER & AGE

AFRICAN AMERICAN MEN: 69.0%

AFRICAN AMERICAN WOMEN: 62.5%

AFRICAN AMERICAN TEENAGERS: 25.3%

Analysis: African American Men saw an increase in their unemployment rate by 130 basis points and African American Women remain unchanged in January, respectively. African American Men increased their participation rate in January by 80 basis points bringing a halt to a four month decline. African American Women increased their participation rate in January by 10 basis points. African American Teenagers unemployment rate decreased by an unprecedented 1,070 basis points. African American Teenagers saw their participation rate decrease by 420 basis points in January, their lowest participation rate in the past five months.

African American Men-Women Job Gap: African American Women currently have 806,000 more jobs than African American Men in January. This is an increase from 757,000 in December.

CONCLUSION: The overall economy added 143,000 jobs in January while African America added 234,000 jobs. From Yahoo Finance, “Recent data has shown the labor market slowing but not rapidly deteriorating, as layoffs remain low. Economists have largely argued the recent string of labor market data fits the “broadly stable” labor market narrative Fed Chair Jerome Powell described in his most recent press conference on Jan. 29. “It’s a low-hiring environment,” Powell said. “So if you have a job, it’s all good. But if you have to find a job, the job-finding rate, the hiring rates have come down.”

Source: Bureau of Labor Statistics

Tag Archives: us economy

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%

AFRICAN AMERICAN MEN: 6.1%

AFRICAN AMERICAN WOMEN: 5.1%

AFRICAN AMERICAN TEENAGERS: 20.8%

AFRICAN AMERICAN MEN: 69.3%

AFRICAN AMERICAN WOMEN: 60.9%

AFRICAN AMERICAN TEENAGERS: 30.9%

African America’s February 2025 Jobs Report – 6.0%

OVERALL UNEMPLOYMENT: 4.1%

AFRICAN AMERICA: 6.0%

LATINO AMERICA: 5.2%

EUROPEAN AMERICA: 3.8%

ASIAN AMERICA: 3.2%

AFRICAN AMERICAN MEN: 5.5%

AFRICAN AMERICAN WOMEN: 5.4%

AFRICAN AMERICAN TEENAGERS: 19.2%

AFRICAN AMERICAN MEN: 68.3%

AFRICAN AMERICAN WOMEN: 62.7%

AFRICAN AMERICAN TEENAGERS: 30.6%

African America’s January 2025 Jobs Report – 6.2%

OVERALL UNEMPLOYMENT: 4.0%

AFRICAN AMERICA: 6.2%

LATINO AMERICA: 4.8%

EUROPEAN AMERICA: 3.5%

ASIAN AMERICA: 3.7%

AFRICAN AMERICAN MEN: 6.9%

AFRICAN AMERICAN WOMEN: 5.4%

AFRICAN AMERICAN TEENAGERS: 9.5%

AFRICAN AMERICAN MEN: 69.0%

AFRICAN AMERICAN WOMEN: 62.5%

AFRICAN AMERICAN TEENAGERS: 25.3%

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