The unemployment rate for black Americans fell below 10 percent in April, for the first time since the economic downfall in 2008.
During the recession, black unemployment had peaked at 16.8 percent in March 2010, while unemployment for whites was almost half that rate. This past April, the unemployment rate for African Americans dipped into the single digits category at 9.6 percent. While the latest data shows signs of improvement, it’s clear that an employment gap still exist between races. Despite the national unemployment rate falling to 5.4 percent, blacks in states like Illinois, Michigan, California and Pennsylvania face unemployment rates above 12 percent.
[Related: U.S. Applications for Unemployment Aid Hit 15-Year Low]
While some reports view education as the reason for the employment gap, data shows that 12.4 percent of black college graduates between the ages of 22 and 27 faced unemployment in 2013 whereas the national unemployment rate for college graduates in the same age range was 5.6 percent. The median weekly paycheck for a white college graduate last year was $1,132, versus $895 for a black college graduate.
With factors such as discrimination and workplace bias coming into play when considering the road to employment for blacks, the latest unemployment numbers are not only signs of progression but also proof that more work needs to be done.
article by Courtney Connley via blackenterprise.com
Posts tagged as “decrease in black unemployment”
The White House has released a report discussing the most-recent unemployment numbers from theBureau Of Labor Statistics, and the African-American unemployment rate, is one of the groups to see a decrease. Even though long-term unemployment remains elevated, it has somewhat subsided for historically marginalized groups, with the African-American rate reportedly decreasing .5 percent from November (12.4 percent) to December (11.9 percent). Below is the unemployment decrease African Americans experienced for the year 2013:
Unemployment rates…declined over the course of 2013 for women (1.3 percentage points), teenagers (3.8 percentage points), African-Americans (2.1 percentage points), and Hispanics (1.2 percentage points). Similarly, since the overall unemployment rate peaked at 10.0 percent in October 2009, these rates have all shown marked declines.
The White House also reported that unemployment fell 5 percentage points between March 2010, when it was at a shocking 16.9 percent, to now. Included in the report are also five key points about the most-recent job market. The first one notes that America’s businesses have added jobs for 46 months in a row, with employment increasing by 8.2 million during that time frame. Private employment has also risen by an average of 177,000 jobs per month over the last three months. Still, the report notes:
Policymakers should be doing everything they can to speed job creation. The Council of Economic Advisers estimates that extending the Emergency Unemployment Compensation (EUC) program through 2014 would lead to an additional 240,000 jobs over the course of the year, because the benefits sustain the purchasing power of recipients who support local businesses and their suppliers.