The US African American unemployment rate recorded an all time low of 6.8 percent in December, 2017. The rate was the lowest ever recorded by the Bureau of Labor Statistics. However, the rate jumped back to 7.7 in January (when the author was laid off from his current job).
The current employment press release plus additional historical releases are available here: https://www.bls.gov/bls/news-release/empsit.htm
President Trump and Jay-Z feuded publicly over the Black unemployment rate.
The low unemployment rate is also a distraction from another important issue: Basically the new jobs created really stink! The jobs feature low pay, poor working conditions, few benefits, no training and no promotional path. So, who cares how many bad jobs we create; give us some good jobs!
As of Feb.14th, VP Mike Pence is stilling claiming the Black unemployment rate is at a record low despite a spike up to 7.7%.
The mistake illustrates two points: One, the Black unemployment rate is volatile and moves around a lot. Two, the current presidential administration is incredibly uninformed and naive about economics, Black unemployment or the stock market. Facts just don’t seem to matter.
Finally, Brookings has a more detailed piece on the same issue. Black Unemployment at Record Low.
Reveal has a big, important story on continuing mortgage loan discrimination (redlining) in cities against Blacks
and another story about specific banks who are discriminating in mortgage lending
Associated Press also has the story in an easier to read form
Entrepreneur magazine has a slide show of 7 female black entrepreneurs.
Interesting entrepreneurs in the article include:
Arlan Hamilton – Back Stage Capital
Tracy Reese – Tracey Reese Designs
Jessica O. Matthews -- Uncharted power – power from movement including toys and soccer balls
Janice Bryant Howroyd seems to be the media’s favorite Black entrepreneur of the month during February. She is pretty much everywhere.
Several publications have profiles of Janice Bryant Howroyd, who is founder and chief executive of ACT-1 group, a personnel services company. The company has done well as large corporations down-size and outsource Human Resource functions.
NY Daily News: “Blacks must shift from consumers toproducers “ by Jay Mwamba. Not complete sure what the piece is about.
Another story about lack of diversity in tech. Article speculates on diversity increasing revenue by $400 Billion. A little bit of a stretch.
The week of Feb. 11th to Feb. 18th, 2018 is also Black restaurant week
National Public Radio also has a story
Jessie Jackson is calling for southern corporations in Tennessee, Arkansas and Mississippi to increase Black hiring and support of Black Business. The Memphis Commercial Appeal has the story.
Politics and Policies
The partisan creation of election districts (gerrymandering) has polarized the political process.
Here is an old but important link to “Diversity in High Tech,” May 2016, US EEOC
Interesting / Other
T-shirts with famous Black people as colleges and universities. We like university of Baldwin.
The “Buy the Block” website aims to get Blacks to invest in real estate.
And finally, deeper reads
Go back and read the Reveal story on mortgage discrimination right now!!!