• The Chronicle News

Black Unemployment Rate Falls to 8.1 Percent in November

The Black unemployment rate improved from 8.6 percent in October to 8.1 percent in November, according to the latest jobs report from the Labor Department.

The White unemployment rate ticked down from 4.2 percent in October to 4.1 percent in November, likely because White workers dropped out of the labor market. The labor force participation rate for White workers, which is the share of workers either employed or looking for jobs, continued a three-month slide and was 62.7 percent in November.

Meanwhile, the labor force participation rate for Black workers edged up slightly from 61.8 percent in October to 61.9 percent in November and the employment-population ratio, or the share of Blacks that have jobs compared to the total population, also took steps in the right direction, increasing from 56.5 percent in October to 56.9 percent in November.

Black men over 20-years-old showed the most gains among the adult worker groups in November, but they were also in the biggest hole. The unemployment rate for Black men improved from 8.7 percent in October to 7.7 percent in November. The share of Black men who held jobs also increased from 61.7 percent to 62.3 percent. The unemployment rate for Black men was still higher than the jobless rate for White men, White women, and Black women.

Last month, the jobless rate for White men fell below 4 percent to 3.9 percent, but the labor force participation rate also ticked down from 71.9 percent in October to 71.7 percent in November.

Employment prospects for Black women over 20-years-old showed small gains in November. The labor force participation rate for Black women increased from 62.3 percent to 62.6 percent and the employment-population ratio also increased from 57.9 percent to 58.2 percent. The jobless rate for Black women was 7.1 percent in November, unchanged since October.

The unemployment rate for White women over 20-years-old also decreased from 3.8 percent in October to 3.7 percent in November and the share of White women that held jobs slipped from 55.3 percent in October and 55.2 percent in November.

The Labor Department reported that the national unemployment rate fell to 4.6 percent in November, and the economy added 178,000 jobs in November.

“In November, 1.9 million persons were marginally attached to the labor force, up by 215,000 from a year earlier,” the Labor Department report said. “These individuals were not in the labor force, wanted and were available for work, and had looked for a job sometime in the prior 12 months. They were not counted as unemployed because they had not searched for work in the 4 weeks preceding the survey.”

In a post on EPI.org, the website for the Economic Policy Institute Elise Gould, senior economist for EPI, wrote that the national unemployment rate declined, “largely because of a drop in labor force participation.”

Gould also noted that even though wage growth is now faster than it was in the first five-plus years of the recovery, when it averaged two percent, “It doesn’t reflect full employment wage growth, or even the wage growth we experienced before the Great Recession hit — by no means a full employment economy.”

In 2016, the economy has added about 180,000 jobs per month. Last year, the monthly average was 229,000 jobs.

In a statement about the report, the Republican National Committee (RNC) noted that the manufacturing sector lost 4,000 jobs in November.

“The 4,000 manufacturing jobs that disappeared last month come on top of the over 300,000 that have been lost under President Obama, more proof that President-elect Donald Trump’s efforts to stand up for the American worker is the commitment our country needs right now,” said RNC Co-Chair Sharon Day, in the statement. “This election showed that millions of Americans don’t trust Democrats to create good jobs and opportunity, and President-elect Trump’s determination to save 1,000 jobs in Indiana is just a preview of his agenda of prosperity for all.

Day continued: “Even before taking office, President-elect Trump has proven that protecting and creating jobs will be among his highest priorities as president, and Americans who have spent years struggling under President Obama can look forward to a brighter future for themselves and their families.”

The Carrier jobs that President-elect Trump took credit for saving come with strings attached. Reuters reported that, “Indiana state officials have agreed to give United Technologies Corp $7 million worth of tax breaks to encourage the company to keep at least 1,069 jobs at its Carrier unit in Indianapolis.”

Carrier still plans to send about 1,300 jobs to Mexico.

Rep. Bobby Scott (D-Va.) also offered his take on the Labor Department’s report. Scott said that the numbers show that our economy continues to move forward from the worst economic crisis in a generation.

“There is no doubt we have made great strides the last eight years, but our commitment to creating a more balanced and fair economy remains a priority,” said Scott.

Scott lamented the federal court’s decision to block an updated overtime rule that would have helped more than four million workers.

“Prior to the court’s decision and even before the overtime update was finalized, my Republican colleagues launched a campaign to stop and dismantle this meaningful rule that would serve working people,” said Scott. “With a new Congress and new Administration fast approaching, I urge my colleagues to stand behind their promises of building an economy where working families can succeed.”

Scott continued: “One of the very first bipartisan steps we can take is to ensure working people aren’t robbed of the hard-earned pay that they deserve. That means standing behind the updated overtime rule.”

Kimberly Elise, Leah Daniels-Butler, Karim Webb Amongst Speakers to Attend 5th Annual Black Business Women Rock Expo

Black Business Women Rock (BBWR) recently held its 5th Annual Conference & Expo at the Renaissance Hotel in Los Angeles, bringing hundreds of black businesswomen together for a day filled with a wealth of knowledge and opportunity. Founded by CEO Natalyn Randle, the event boasts a host of speakers, vendors, networking and information for Black women to flourish in their lives and careers. From branding, social media marketing, financial literacy, and special events segments, to wellness, TV and film, and beauty education, BBWR ran the gamut of information and advice for the Black “womenpreneur”.

Speakers this year included brand builder Tieko Nejon, TV & Film producer Damari Butler, model, blogger and activist Nikia Phoenix, and wellness coach and author, Sahsha Campbell. Attorney and author of Natural Hair & the Law, Tracy Sanders, beauty entrepreneur Brandi M. Brooks, and special events producer Mrs. Dunnie Oh also served as orators, amongst a slew of others.

Renowned actress and health advocate Kimberly Elise spoke on the family business panel and attended the expo with her daughter AjaBleu Oldham to promote her latest Curly Halo book and Alchemy 27 hair product. “Curly Halo is a workbook that I crafted for women with natural hair. It’s like the basic 101 on natural hair care,” she said. The hair oil, Alchemy 27, Elise says, is a blend of 27 plant, botanical and essential oils known to provide nutrition to natural hair.

Elise also shared some advice for the quintessential woman in business. “I just advise people to just be themselves, to sit and stand strong in their own authenticity. We’re glorious as human beings and as women and there’s nothing more powerful than just being yourself,” Elise stated.

Casting director and producer Leah Daniels-Butler also spoke on the family business panel, sharing her goal never to stunt her children’s or any young person’s dreams as a business owner. “Millennials now, or just in general, have more of an entrepreneurial spirit than when I was growing up,” she said. “I love that about young people today.”

Daniels-Butler says that key to turning one’s passion in to profit is dedication. “Don’t give up, don’t take no for an answer. You just have to keep going, when someone tells you no, just don’t take no for an answer,” she continued. Daniels-Butler is currently working on BET’s “The Quad” and “Being Mary Jane” series, along with several other projects.

Buffalo Wild Wings Franchise Owner Karim Webb also served as a keynote speaker, providing attendees with tips about the difference between growth, scaling and leveraging as women in business grow their base. “I’m a very blessed man, because my parents were McDonald’s franchisees, so I grew up knowing that that was a possibility for myself,” he said. “More importantly, I’m thankful. I’m thankful for all the people that support us, and we couldn’t do it without the support of black women,” Webb continued.

BBWR Founder Natalyn Randle has continued its mission to inspire growth and prosperity, helping Black businesswomen around the country to unlock their power and purpose. For more information, visit www.blackbusinesswomenrock.com.

1 view0 comments

Recent Posts

See All