Though there are signs that the economy is on the uptick, President Obama is keeping pressure on Congress to pass a jobs bill, traveling to Austin, Texas, this week as part of a new jobs tour to bring attention to the struggles of middle class families and build support for his economic policies. Though the [...]
US Economy Continued its Roller-coaster Ride of Jobs Growth
April 5, 2013 | Posted by
The U.S. economy continued its roller-coaster ride of jobs growth, with just 88,000 new jobs added in March — a sharp drop from the robust 268,000 added in February. Even more alarming, the March numbers came before the $85 billion in federal budget cuts from sequestration began to be felt across the country. The 88,000 number [...]
More Than Half of Black Male High School Dropouts are Unemployed, Study Says
March 29, 2013 | Posted by
More than half of the black male high school dropouts in the U.S. are unemployed, according to a fascinating analysis by a news site called RemappingDebate.org. The site uses U.S. Census data—the same data used by the Bureau of Labor Statistics—to create a vast snapshot of the unemployment story for hundreds of different configurations of [...]
Black Unemployment Nearly Doubles National Rate in February
March 8, 2013 | Posted by
America’s unemployment rate dropped to 7.7 percent in February, the lowest mark in four years. Some 236,000 jobs were created during the month, according a report from the Labor Department Friday. February’s success continues a recent trend of recovery, and was the best statistically since the early months of the depression. Part of the new [...]
Black Unemployment Still Twice That of Whites
December 16, 2012 | Posted by
In the quarter-century that Armentha Cruise has run her Silver Spring staffing firm, the nation has made strides toward racial equality. Voters have twice elected a black president, African Americans shine among Hollywood’s brightest stars, and the number of blacks who graduate from college has tripled. But this stubborn fact remains: The African American jobless [...]
No Immediate Help On The Horizon For Long-Term Unemployed
November 1, 2012 | Posted by
They have been largely forgotten during this heated presidential campaign, relegated to the sidelines as their personal nightmares continue unabated. The nearly five million Americans out of work for more than six months can only wonder when relief in the form of a job might finally start heading their way even as the nation’s overall [...]
Zuma Proposes $97 Billion Building Program in South Africa
October 20, 2012 | Posted by
In an effort to rescue his nation’s crumbling economy, South African President Jacob Zuma yesterday announced a massive building program that would spend $97 billion over the next three years to upgrade roads, ports and access to utilities, and to exploit deposits of coal and other minerals. In addition, other critical infrastructure projects will take [...]
Black Youths Most Vulnerable To Rising Unemployment In The UK and USA
October 17, 2012 | Posted by
More than one of every four black youth 16 to 24-year-olds are currently out of work in England, new research shows. The data, from the Trades Union Congress (TUC), showed 26 percent of youth in this age group are jobless, higher than other ethnicities. “Young black men have experienced the sharpest rise in unemployment since [...]
Black Men Yet To See Employment Gains From Improving Economy
October 10, 2012 | Posted by
An improving economy has resulted in a lower national unemployment rate, but that progress has yet to translate into more jobs for African-American men, according the latest statistics from the Department of Labor. The economy added 114,000 jobs in September, while also adding an upward revision of 86,000 jobs to July and August. The private [...]
Disappointing August Jobs Report May Spell Trouble for Obama
September 7, 2012 | Posted by
Friday morning’s release of a disappointing August jobs report certainly won’t diminish all of the momentum President Barack Obama had generated at this week’s Democratic National Convention in Charlotte, but it certainly tapers things down somewhat. Democrats were hoping for better news as they head into the pivotal final 60 days before the November presidential [...]
