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AFRICANGLOBE - While U.S. employers added 162,000 jobs in July, the lowest number since March, it still led to a drop in the overall unemployment rate to a four-year low of 7.4 percent—and a decline in black unemployment from 13.7 to 12.6 percent, a low for the year.
AFRICANGLOBE - The African-American unemployment rate rose from 13.5 percent in May to 13.7 percent in June, according to figures released by the U.S. Labor Department. The national unemployment rate held steady at 7.6 percent.
AFRICANGLOBE - This economy is poised for another difficult period of economic upheaval. Blacks are finding themselves facing difficult headwinds as our unemployment rates turn upward. While the national unemployment rate for Blacks in February remained at 13.8% overall, there are ominous state unemployment rates lurking behind the national numbers that should bother us.
According to the Bureau of Labor Statistics, as of August 2011 the national unemployment rate is 9.1%. When you add those who are employed part time for economic reasons, others marginally attached to the labor force and those who have stopped looking for work, that rate jumps to 16.2%.