The nation’s financial picture seems somewhat rosy. But the Black unemployment rate increased from 6.1 to 6.2%, which is near historic lows.
(Politics 365) — The U.S. Labor Department reported on Friday that unemployment for African Americans increased to 16.3% in August 2010 from 15.6% in July 2010. The percentage point increase was greater than it was for Whites and Hispanics. Overall unemployment climbed to 9.6% for the month of August from the July unemployment rate of 9.5%. The unemployment […]
A familiar demographic again hard hit.
(Kentucky.com) –There’s little to celebrate this Labor Day. The unemployment rate for July, stuck at 9.5 percent, means that 14.6 million people who have been looking for work are still jobless.The situation is even worse for blacks between the ages of 16 and 24. Only one in three of them has a job. An additional […]
(AJC) — In its annual Labor Day outlook, outplacement firm Challenger, Gray & Christmas says the job market is well on the road to recovery. In fact, Challenger, Gray says it’s rebounding sooner and faster compared with the jobless recoveries that followed the previous two recessions. The firm, known for regularly tracking corporate jobs cuts, says positive trends […]
(Black Politics On The Web) — More than 1.3 million laid-off workers won’t get their unemployment benefits reinstated before Congress goes on a weeklong vacation for Independence Day. An additional 200,000 people who have been without a job for at least six months stand to lose their benefits each week, unless Congress acts. For the third […]
(CNBC.com) — Many advanced economies will face high unemployment through 2011 even though job growth will return this year, the International Monetary Fund said on Wednesday. In its initial chapters of the World Economic Outlook, the IMF said combating unemployment was a key policy challenge as the global economy emerges from the worst recession since World […]
The unemployment rate may be “nine and a quarter” at the end of 2010.
(NYTimes.com) — The unemployment rate remains locked in a range that recalls the economic doldrums of the early 1980s. Housing is stuck in a ditch, with foreclosures rising. And consumers are still reluctant to part with the little cash they do have. Read More…