WASHINGTON — The unemployment rate dropped sharply last month to 9 percent, the lowest level in nearly two years. But the economy generated only 36,000 net new jobs, the fewest in four months. The January report illustrates how job growth remains the economy’s weakest spot, even as other economic indicators point to a recovery that […]
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 […]
Washington — Even in the best of economic times, it is toxic to American fairness to shrug off any job disparities to favor the financial interest of wealthy people. But in down times like these, when the gulf between haves and have-nots has grown so wide and the impact on our minority communities is so […]
Well, it appears that some of the nation’s leading economists have proclaimed that the recession is over. Of course, these were the best and brightest who failed to warn us of the Great Recession in the first place, but I don’t want to sidetrack you with trivialities.
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 […]
Dear Mr. President, I write this letter with all due respect to yourself, as well as the office of the presidency. Your historic rise up the political ladder has been nothing short of inspirational, and your extraordinary vision has positioned you as one of the most celebrated leaders in the history of the United States. […]
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.
