A study from the Economic Policy Institute shows that the African-American unemployment rate in Michigan in 2010 was 47 percent higher than the 15.9 percent national average of unemployment for African-Americans. Mlive.com reports: African Americans in Michigan have experienced unemployment rates of 20 percent or higher in virtually every quarter since early 2009, including a […]
For decades, many African Americans grew accustomed to a middle class lifestyle in their homes across the country. Lives that were built through hard work; climbing up the corporate ladder from entry level positions to the corner offices. But with foreclosures and the continuing recession, many African-Americans find themselves in dire straits. Close to 15.5 […]
In an ideal America, our president would have told us Tuesday night about his plan not only for fixing the jobs crisis but also for making it so that the crisis wasn’t twice as bad for black people (15.8 percent unemployment versus 8.5 percent for whites). But this isn’t an ideal America, and he didn’t. […]
From TheGrio New York –The struggling economy has left many Americans saddled with bad credit reports, the same reports could also leave them unemployed. Loudy Appolon, a Florida woman is suing the University of Miami for firing her before she could begin her job because of a bad credit report that includes a default on […]
The African-American poverty rate rose to 25.8 percent in 2009. That the poverty rate would increase from 2008 to 2009 was not a surprise. Black workers lost jobs in 2009. When blacks lose work black poverty increases. Alternatively, when blacks find work poverty declines. The highest employment rate for African Americans on record was in […]
As the nation’s largest peacetime jobs program – the U.S. Census 2010 effort – winds down and its temporary workforce continues to join the ranks of the unemployed, a growth in private sector jobs was not enough to keep the unemployment rate from climbing slightly – one-tenth of a percentage point to 9.6 percent – […]
WASHINGTON (AP) — Companies showed a lack of confidence about hiring for a third straight month in July, making it likely the economy will grow more slowly the rest of the year. The unemployment rate was unchanged at 9.5 percent.
From CNN.com: A bill that restores unemployment benefits to 2.5 million jobless Americans passed the Senate and goes to the House on Thursday. It is expected to pass there are well.
FROM AOLNews.com: Middle-class black Americans dipped into their retirement accounts to stay afloat during the recession at a higher rate than their white counterparts did, broadening the “retirement gap” between whites and African-Americans, according to a new study.
From WSJ.com: The number of people filing for unemployment insurance fell last week, but weak industrial output and a drop in wholesale prices point to a slowing in the economic recovery.
