Today's Date: December 2, 2021
Funding available to support victims of intimate partner violence involved in the family justice system   •   Wells Fargo Reaffirms Commitment to the Hispanic Community with a $2MM Gift for the National Museum of the American Latino   •   Avert Holiday Anxiety and Depression with Self-Care   •   National Beverage Corp. Again Enriches the Holiday Season With a Special Cash Dividend   •   Violence impacts over 700,000 children due to school closures in Cameroon   •   Distilled Spirits Council Kicks Off Holiday Season with Launch of New Alcohol Education Website: StandardDrinks.org   •   Okcoin Announces $1M Commitment to Bring More Women into Crypto, Randi Zuckerberg as Inaugural Brand Advisory Council Member   •   Vince Announces Reporting Date for Third Quarter 2021 Financial Results   •   Leading Financial Services Firms and Industry Resource Organizations Join Together to Increase Diversity and Equity   •   Century Communities Sponsors 2021's Christmas for Kids Event for a Third Year   •   Horizon Therapeutics plc Makes $100,000 Seed Donation to Support Fundraising Efforts to Renovate Emmett Till’s Home into a   •   100 Thieves Raises $60 Million in New Funding to Expand Its Business and Continue Elevating Gaming Culture   •   First charter flight of privately sponsored Afghan refugees arrives in Canada   •   Crumbl Cookies, Now the Nation’s Fastest-Growing Gourmet Cookie Company, to Open in Nashua North, New Hampshire   •   Meet Riley the Miracle Baby   •   Dresdner Robin Completes Work on 21,700-Square-Foot Veterans' Housing Complex in Jersey City   •   Aging-in-place technologies just got better. TCARE, Inc. Acquires Ruby, Inc.   •   Reuten Associates Presents Site Plans for New Senior Living Community in Closter, N.J.   •   Igloo Unleashes Two New Monster Jam® Playmate Coolers!   •   To Support the Advancement of Women’s Athletic Programs, T-Mobile Donates $700,000 to SEC Schools at T-Mobile SEC Champion
Bookmark and Share

Despite Job Growth, Black Unemployment Rises


WASHINGTON - The economy added 216,000 jobs in March, pushing the overall unemployment rate down to 8.8 percent. The growth was driven entirely by a 230,000 gain in the private sector, as the government sector lost jobs for the fifth consecutive month. The employment-to-population ratio (EPOP) also edged up to 58.5 percent -- the highest ratio since September -- although this is still 4.4 percentage points below the pre-recession peak.

African Americans do not appear to be sharing in the benefits of recent job growth. The EPOP for African Americans fell back by 0.3 percentage points to 51.9 percent, just 0.1 percentage points above the recession low hit September. The EPOP for black teens stands at just 14.8 percent. The overall unemployment rate for African Americans rose by 0.2 percentage points to 15.5 percent. 

The big gainers in this report were white women who had a 0.2 percentage-point drop in their unemployment rate to 6.9 percent. Their EPOP rose by 0.4 percentage points to 55.7 percent. By contrast, the unemployment rate for white men edged down slightly from 7.8 to 7.7 percent, but their EPOP actually edged down from 68.1 percent to 68.0 percent. 

The employment situation for Hispanics also improved with their unemployment rate dropping by 0.3 percentage points to 11.3 percent. This is down from 13.2 percent in November.

The median and average duration of unemployment spells both increased, with the latter setting another record high at 39.0 weeks. The share of the unemployed who have been unemployed for more than 26 weeks also hit a record high of 45.5 percent. Interestingly, the number of people who have been unemployed less than five weeks rose by 59,000, the first increase since November. This may be an aberration, but it is not consistent with the improving labor market picture elsewhere in the household survey.   

The job gains in the establishment survey were widely spread across sectors. Manufacturing added 17,000 jobs in March, its fifth consecutive monthly gain. Retail added 17,700 jobs after losing 7,800 in February. Employment services added 35,900 jobs, following a gain of 32,000 the prior month. While this is a good sign, it is worth noting that this sector added 167,000 jobs in the three months from October, 2009 to January of 2010. 

Health care added 36,600 jobs for the month, somewhat more than its 23,000 monthly growth rate over the last year. Restaurants added 26,500 workers, following a gain of 36,000 jobs the prior month. Accounting added an extraordinary 20,200 jobs, 2.5 percent of employment in the sector; although half of this was a bounceback from a February decline.

One serious negative item is that wages have been essentially flat over the last two months. Nominal wage growth over both the last quarter and year have both been 1.7 percent. This is somewhat trailing inflation, especially if the recent increases in food and energy prices are not reversed. 

One interesting pattern in the relatively strong growth of the last two months is the share of production workers in total job growth. Of the 472,000 jobs created since January, 92.3 percent or 434,000 have been production or non-supervisory positions. By contrast, only 82.4 percent of jobs overall are in this category. Since these jobs generally require less education, the recent growth implies more demand for less-educated workers.

Black News, African American News, Minority News, Civil Rights News, Discrimination, Racism, Racial Equality, Bias, Equality, Afro American News

While the recent acceleration in job growth is encouraging, it is still an extremely weak recovery from a downturn as severe as we have just experienced. Based on the experience of the last two severe recessions, 1974-75 and 1981-82, we should be expecting job growth in the range of 400,000 a month. Instead, we are still seeing a rate of job growth that is below the 250,000-a-month average from the 90s. 

It is still questionable as to whether even this pace of growth can be maintained in the  wake of falling house prices and government cutbacks. It is worth noting that the employment diffusion index, which shows the percentage of industries planning to add jobs, fell from 68.7 in February to 62.4 in March. This is not going in the right direction.


STORY TAGS: Black News, African American News, Minority News, Civil Rights News, Discrimination, Racism, Racial Equality, Bias, Equality, Afro American News



Back to top
| Back to home page
Video

White House Live Stream
LIVE VIDEO EVERY SATURDAY
alsharpton Rev. Al Sharpton
9 to 11 am EST
jjackson Rev. Jesse Jackson
10 to noon CST


Video

LIVE BROADCASTS
Sounds Make the News ®
WAOK-Urban
Atlanta - WAOK-Urban
KPFA-Progressive
Berkley / San Francisco - KPFA-Progressive
WVON-Urban
Chicago - WVON-Urban
KJLH - Urban
Los Angeles - KJLH - Urban
WKDM-Mandarin Chinese
New York - WKDM-Mandarin Chinese
WADO-Spanish
New York - WADO-Spanish
WBAI - Progressive
New York - WBAI - Progressive
WOL-Urban
Washington - WOL-Urban

Listen to United Natiosns News