July 2, 2010

Black Unemployment Rate Falls to 15.4% in June 2010

African Americans are still being hit harder than most with the bad economy.  A new employment report released this morning by the Bureau of Labor Statistics shows us that the unemployment rate for African Americans dropped from 15.5% in May 2010 to 15.4% in June 2010.

The mainstream media is painting this month's report in a negative light -- 125,000 jobs were lost last month.  The unemployment rate edged down from 9.7 percent to 9.5%.   There was some positive news with private employers hiring increasing by 83,000 jobs last month.

What do these numbers mean to you?

2 comments:

b.f. said...

But between May and June 2010, the official “seasonally adjusted” jobless rate for Black male workers over 20 years-of-age in the United States increased from 17.1 to 17.4 percent; while the unemployment rate for white male workers over 20 years-of-age increased from 8.8 to 8.9 percent, according to the latest Bureau of Labor Statistics data. The number of Black male workers over 20 years-of-age having jobs decreased by 126,000; while the number of white male workers over 20 years-of-age with jobs decreased by 78,000.

Villager said...

b.f. - Thank you VERY MUCH for sharing this updated information. I used to bemoan the fact that the information on Black unemploment was never discussed in the mainstream media. Last month I decided to share the information each month on my blog. Your information on the 'seasonal adjustments' aids us in our effort to get this information out into the Black community.