September 7, 2012

Black Unemployment Drops to 14.1% in August 2012

The United States added 96,000 jobs in August 2012 - making it 30 consecutive months of private sector job growth - and unemployment rate dropped to 8.1 percent.  You can click here to check out the unemployment rate in your state.

There are about 12.5 million unemployed people in the country - and our nation's unemployment metrics don't provide Gov. Mitt Romney with the fodder he needs to beat on the head of President Obama.  That won't stop him from trying to do so ... but, any possible movement in the unemployment numbers should be a good thing, shouldn't it?

The numbers in the Black community are bad!

The unemployment rate in the Black community dropped in August 2012 to 14.1%. This compares to previous months:

The Labor Department said private companies accounted for virtually the entire 96,000 increase in jobs last month.  Employment levels stayed about the same for government jobs last month.  Since the beginning of this year, employment growth has averaged 139,000 per month, compared with an average gain of 153,000 in 2011.

Employment increased 28,000 in the food services and drinking places category; while another 27,000 new jobs were created in the professional and technical services.

The health-care and wholesale-trade industries also added 17,000 jobs in August.

What is your opinion of the unemployment data that was released today?


Reggie said...

The unemployment rate for people of color in this country is a shame and a scandal.

Unknown said...

Reggie - My hope is that the president gets re-elected and there is pressure on both parties to do something. At that point my hope is the the 'American Jobs Act' will be enacted into law as suggested by the president last year.

Reggie said...

I wish that I could believe that, but I honestly believe that no one cares.

Unknown said...

Reggie - As bad as it gets ... I'm still glad that President Obama got re-elected. I can't imagine what life would be like with a President Romney in the White House!