Everything in Black Economics
Every month, the BLS reports the jobs report. The monthly Bureau of Labor Statistics employment situation report (EMPSIT) is the single most important publicly available information about the US economy. It is the best resource for understanding the US economy. But you have to look across some of the details to get a good view … Read more
So, my family is pretty wide-ranging. When we all got together for a BBQ, the talk turned to AI. Everyone was concerned about AI effect on their jobs and society in general. The discussion of AI was quite interesting. Here at Blackeconomics.com, we read about AI and use three of the free models: Claude, ChatGPT, … Read more
Note: K=1000 March’s employment report shows a large bounce back in employment: The US economy created 178,000 new jobs in March. A return to the average ( 178K-133K last month=45K). Job growth has been paltry under President Trump. The trend continues. Other than that, there was no significant employment news in the jobs report. Healthcare … Read more
Wouldn’t it be nice, as a Black economist, to have a model of the US Black economy? We could model many of the larger questions in Black economics. We could plug in important topics like AI, tariffs, tax legislation, or government subsidies and come out with the estimated impact on jobs, unemployment, healthcare, and income. … Read more
Black unemployment jumps to 7.5%, a 23% increase since last August. New Black workers increased by 260,000. Unemployment Report The BLS jobs report showed almost no new job growth (+22,000 new jobs) in August. Over the past three months, the economy added an average of 29,000 jobs. The numbers hint at a slowing US economy. … Read more