Everything in Black Economics
Everywhere we see a discussion of affordability. Homes are at record prices. Rents continue to rise. Grocery prices are high. And gas peaked at $4.50 a gallon. The affordably crisis is a result of worker incomes not keeping up with prices. There would be no affordability issues if wages and worker incomes had kept up … Read more
Here is a good long, comprehensive article on four unemployed Black Women in Arkansas. Also, you must read comments and reaction to fully understand the publics current economic thinking. The article is a great read on the current state of the job market. Four Black women. Nine degrees. Not one steady paycheck. (Washington Post) The … Read more
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
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