Tag: unemployment
Bernie Sanders Makes A Point About Black Unemployment You Probably Haven’t...
AFRICANGLOBE - According to the Bureau of Labor Statistics, Black youth unemployment in the United States was a staggering 24.8 percent in 2014, compared to 12.2 percent of their white counterparts. And more than half of recent Black college graduates are underemployed, meaning that they hold a job that does not require a college degree,
New Unemployment Numbers Encouraging…Unless You’re Black
AFRICANGLOBE - Does a rising tide lift all boats, as President Obama once said? The economy is improving, and that’s a good thing, right? It depends on who you’re asking. While the economy is moving ahead, Blacks are being left behind.
The 15 Most Miserable Economies In The World
AFRICANGLOBE - Inflation is a disease that can wreck a society, Milton Friedman, the late Nobel laureate economist, once said. Add rising unemployment to the diagnosis, and his profession ascribes a rather non-technical term to the debilitating effect on people: misery.
For Black Men Its A Permanent Recession
AFRICANGLOBE - Six years after America sank into the deepest economic downturn since the 1930s, the jobless rate has fallen to 5.9 percent, the lowest since July 2008. But one demographic group — African-American men — seems to be stuck in a permanent recession.
Black Women Face Grim Unemployment Statistics
AFRICANGLOBE - Unemployment rates are falling for nearly every group of Americans -- except for Black women. About 10.6 percent of adult African-American women age 20 or older are unemployed, unchanged from a year ago, according to Friday’s jobs report from the Labor Department.
Black Youths Being Devastated By Unemployment
AFRICANGLOBE - For young people between the ages of 16 and 24, unemployment is more than twice the national rate, at 14.2 percent. For African-Americans, that rate jumps to 21.4 percent.
Study: Black Men Has Made Almost No Progress Since 1970
AFRICANGLOBE- A new study suggests that African-American men today face such high levels of unemployment and incarceration that they are in little better position when compared with White men A half-century ago.
Searching For An Answer Behind Black America’s High Unemployment Rate
AFRICANGLOBE - The so-called recovery of the US economy has not been equally kind to everyone. Even as the unemployment rate has remained steady at 6.3% last month, the unemployment rate for African Americans, coming in at 11.5%, is currently more than twice as high as that for White Americans.
Unemployment For Black Americans Drops To Lowest Level Since November 2008
AFRICANGLOBE - The unemployment rate for African-Americans is the lowest it's been during the Obama presidency, falling to 11.6 percent in April. The latest figures from the Bureau of Labor Statistics released Friday not only show a decrease of 0.8 percent in the Black unemployment rate.
Urban League Report Illustrates Decline In Black Employment And Wages
AFRICANGLOBE - Even though the federal government under the administration of President Barack Obama has said that the Great Recession has been over for four years, large-scale unemployment and underemployment persists in the African American community. The National Urban League has released its annual report and the results portend much for the future of the labor market inside the United States.
Underemployment Rate For Black Workers Is 20.5 Percent – Urban League
AFRICANGLOBE - While unemployment has been a major impediment to African-Americans’ economic progress, underemployment is a bigger obstacle for them than it is for Whites or Hispanics, the National Urban League says in its latest State of Black America report.
Black Women Hit Hardest By Income Inequality
AFRICANGLOBE - Income inequality has hit Black women the hardest. Their 2013 median income was $25,000, and for the past year their unemployment rate has oscillated between 11 and 12 percent. As much as many in the right wing cry reverse racism to the point of delusion, institutionalized racism limits the economic opportunities available to African-American women.
Africa Needs Its Own Marshall Plan
AFRICANGLOBE - Africa needs a comprehensive, co-ordinated approach akin to America’s "Marshall Plan" in Europe after World War Two. That effort focused on building infrastructure, modernising the business sector, and improving trade. By the end of the four-year programme, Europe surpassed its pre-war economic output.
US Teen Unemployment Hits New Record
AFRICANGLOBE - While the Obama administration is boasting about the creation of new jobs, teenage unemployment has hit a record high for the fourth consecutive summer, with employment hard to come by for youth searching for an entry into the work force.
How to Address South Africa’s Unemployment, Land and Wealth Inequality?
AFRICANGLOBE - Structural poverty, exacerbated by falling employment, has dogged South Africa since 1994. Subsequently unemployment has officially increased from around one fifth of the active workforce, to a quarter today. The unofficial "expanded" and probably more realistic level of unemployment is closer to 40%.
Black Unemployment Drops to 12.6 Percent, Lowest in a Year
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.
