Everything in Black Economics
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
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
The recent spike in Black unemployment is worrisome. It may be part of a larger trend in society to return to historical levels of job discrimination under the Trump administration. We are watching closely with our third eye open. The Bureau of Labor Statistics reported an increase in the Black unemployment rate to 6.8% in … Read more
Since Kamala Harris’s narrow defeat in the presidential election, we have been looking at real measures of economic insecurity and prosperity. Voters consistently rank the economy as their top concern, yet traditional economic indicators often fail to capture the full picture. From time to time here at BlackEconomics.com and our sister blog BlackEconBiz.com, we regularly … 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