Posts Tagged ‘economy’

African American Have the Highest Unemployment Rate in America

Saturday, July 6th, 2013

(Examiner.com) African Americans were brought to America during the 1600’s to provide free labor for the plantations. One major reason why America was able to develop a major leader in commerce because mass wealth was created in this country by no wages had to be paid to the labor force in the South. Despite of what African Americans contributed to this country, in modern America, the African Americans race always have the highest unemployment rate in America. There were several theories that were analyzed to why black people are mostly not to get hired by employers in America. The reasons are black people are portrayed as negative way by the entertainment industry in America, discrimination by the employers, policies enforced by the state and federal government, and immigration policies. Regardless in America, if America economy is booming or in a recession, the data always reflect that African American have the highest unemployment rate. The thesis that was utilized for this study is why do African Americans have the highest unemployment rate in America? What factors that contribute to cause African Americans to have 17 out of 100 people not working. (Ayoade, 2011, Hill, 2004 and Griffin, 2012, Junior, 2008, Lee, 2005, Robsion, n.d., Rodgers 2008, Spalding 2012 and United States Department of Labor, 2013).

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Work Disappearing for Black Males in Urban America

Monday, September 10th, 2012

(Philly1.com) During the past four decades, the job market for working age African American males has fundamentally collapsed in urban America.

That’s the conclusion of a recent study by Dr. Marc Levine at the University of Wisconsin-Madison. He looked at “employment rates” in forty of the nation’s largest metropolitan areas based on every Census taken from 1970 to 2010.

The results are shared in “Race and Male Employment in Wake of the Great Recession: Black Male…“. The findings are stunning and should be a wake-up call to the entire nation, particularly community activists, policymakers, media and the Black community.

Black male employment is a crisis with no solutions on the table and faint discussion of the problem. Levine finds that in five of the nation’s largest metropolitan areas, fewer than half of the working-age Black males held jobs. The US Census defines “working age” as 16-64, and “prime working years” as 25-54. In Milwaukee, the Black male employment rate in 2010 (latest year available) was over 20 points lower than the Hispanic male rate and 32.7 percentage points lower than that of white males.

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Unemployment rises among black Americans, figures show

Tuesday, July 10th, 2012

 

(The Guardian) One of the most jarring figures in the labour statistics is a rise in unemployment among African Americans, from 13.6% to 14.4%, double the rate for the white population.

The proportion of white Americans out of work was static at 7.4%, and while the jobless rate for Latinos remained high at 11%, it too was unchanged from May.

Algernon Austin, the director of the race, ethnicity and economy programme at the Economic Policy Institute, said the figure for black Americans had been hovering at or above 14% for the past three years, even with a 'recovery' supposedly under way. "It is an extremely high rate to be stuck at," Austin said. "That is the really important news."

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Employment numbers slow to recover for African Americans

Wednesday, May 9th, 2012

 

(Examiner.com) Employment numbers slow to recover for African Americans-While it is no secret that America as a whole has been facing an economy slow to recover, the unemployment numbers for African American workers continue to be the highest in the nation at a staggering 13.6  percent.

Those numbers fell slightly in 2012 from 15.8 percent last year to 13.6. However, the percentage is still higher then any other ethnic group. Currently in the U.S a large number of African Americans are either unemployed or underemployed. As with most economic crisis, there are certain factors that influence income and job growth. A lack of educational qualifications is an important factor when it comes to minority job growth in higher paying careers. Higher education and retraining have become essential to survival in a tough job market.

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The Single Mistake Holding African American Workers Back From Retirement

Saturday, April 7th, 2012

(Business Insider) After the dust settles over the recession, it's becoming increasingly clear that African Americans will have the most lost ground to cover–especially in retirement planning. 

new report by Aon Hewitt and Ariel Investments shows just how much damage deteriorating finances and a weak job market has done to their nest eggs.

 
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The Top 25 Institutions Graduating Latinos: College Graduates Are Critical For The Country’s Economy

Wednesday, March 14th, 2012

(Huffington Post) In a time when more than half of the country's total population growth was driven by an increase in the Hispanic population, the academic achievement and subsequent economic role of Latinos is of interest to many.

This week, the Washington D.C.-based non-profit Excelencia in Education released a report that lists the 25 colleges that see the most Latinos graduate from their institutions – many of them in the south.

The report, entitled, "Finding Your Workforce: The Top 25 Institutions Graduating Latinos," also highlights the strides and shortcomings that U.S. Latinos face in terms of post-secondary college attainment.

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50 Percent Of Unemployed African American And Asian Workers Have Been Out Of Work For Six Months Or More

Thursday, March 8th, 2012

(Think Progress) According to the latest Bureau of Labor Statistics data, 42.9 percent of America’s unemployed have been out of work for six months or more. But that number masks some of the large racial disparities in who has been out of work for so long, as the Center for Economic and Policy Research shows in a new report. As CEPR found, 50 percent of unemployed black men have been out of work for at least six months, and nearly 50 percent of black women, as well as Asian men and women, are in the same situation.

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Hispanics face massive income gap in every major market

Saturday, March 3rd, 2012

(Bizjournals.com) Hispanic Americans confront an income gap of at least 35 percent in every major metropolitan area across the nation.

That's the disparity between per capita incomes for whites and Hispanics in 95 large metros, according to an On Numbers analysis of federal data.

Los Angeles is the worst market for Hispanic earning power, despite the fact that two of every five residents in the region are Hispanic. The income gap in L.A. is 67.2 percent. Canton, Ill., is dead-last among markets of all sizes, with a disparity of 82.5 percent.

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Why Latinos Have Been First to Make It Back to Pre-Recession Employment

Friday, February 10th, 2012

(The Atlantic) Although Latinos make up only a seventh of the population, they have "racked up half the employment gains posted since the economy began adding jobs in early 2010", the Los Angeles Times reported this morning. In 2011, the trend accelerated. Of the 2.3 million jobs added in 2011 according to the Household Survey of the Bureau of Labor Statistics, 1.4 million, or 60 percent, were won by Latinos.

This remarkable statistic is a keyhole into America's two-speed recovery. One true story of the recession is that employment gains have been biased toward the highly educated. More than half of the jobs added in 2011 went to Americans with a college education. Another true story of the recession is that most of the other jobs have been low-paid and went to the less-educated. Educational attainment among Hispanics remains very low. Just 10% of foreign-born and 13.5% of native Latinos have finished college, placing the group's completion rate at about a third of the national average.

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African American unemployment drops 2% points: Good news for President Obama

Sunday, February 5th, 2012

(Examiner.com) With the 2012 presidential election less than one year away, all eyes are focused on President Obama and the potential Republican candidates he will be running against. The biggest issue heading into the race is the economy and with positive jobs number's again in January, re-election for President Obama is looking better each month.

One of the biggest supporters of President Obama in 2008 was African-Americans. In 2008, President Obama was able to garner 96% of African-American votes, making up 13% of the electorate. If President Obama wants to win re-election he will have to repeat his support in the African-American community as well as other minorities. African-American unemployment hit a 27 year high this past summer, reaching 16.7%. That number is higher than anyone would like, but there is light at the end of the tunnel. According to the new January jobs report for 2012, African-American unemployment dropped significantly.

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