Everything in Black Economics
Black Unemployment moved up to 7.7%, a 20% Increase Since February of Last Year BLS Unemployment Report The Bureau of Labor Statistics(BLS) jobs report was bad. Really bad. Meanwhile, the BLS said the job market only “edged down.” That is some spin. The BLS reported that businesses had a net loss of -92,000 jobs. It … Read more
Summary It is hard to underestimate the impact of the Flexner Report (1910) and how it shaped the entire US healthcare system. We live with the results of the Flexner report every day. The report professionalized medical education, raised standards, and improved the quality of medical education. However, the report also closed many medical schools, … Read more
After 120 years, the biggest debate in Black Economics still rages on Introduction One of the longest-running debates in Black Economics is still active today: How should Black people navigate the economic system in the United States? What policies and strategies can best promote upward mobility and long-term stability for Black communities? How do we … Read more
Black workers are squeezed at the bottom and limited at the top Summary When I grew up, I heard of the “Sacred Seven”: seven occupations where Black people could do well during Jim Crow segregation. The seven are: Doctor, Dentist, Lawyer, Preacher, Teacher, Mortician and Businessman. They are occupations based on the needs of … Read more
The Unemployment rate for Blacks was unchanged at 5.8% while the Labor Force Participation rate remained near recent highs (62.7%) The Black unemployment rate was reported at 5.8% and the “Real” Black employment was 9.0% (see below). The National unemployment rate stood at 3.5%, and non-Farm Payrolls rose by 187,000. Wages had large increases. Hourly … Read more