August 1, 2010

Black Unemployment Rate Rises to 15.6% in July 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 rose from 15.4% in June 2010 to 15.6% in July 2010.

The mainstream media is painting this month's report in a negative light -- 131,000 jobs were lost last month.  The unemployment rate didn't move over the past month ... it's still 9.5%. There was some positive news with private employers hiring increasing by 71,000 jobs last month.

What do these numbers mean to you?

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