Image

7:42 PM / Sunday July 3, 2022

5 Dec 2014

Black employment numbers are steadily declining

  • Facebook
  • Twitter
December 5, 2014 Category: Color Of Money Posted by:

By Wendell P. Simpson

Image

According to the Bureau of Labor Statistics (BLS), the employment situation in the U.S. improved substantially in every way for almost every group of Americans except for African Americans.

While Black employment between September and October fell by 41,000, the employment picture for all Americans aged 16 or older rose between September and October improved drastically. BLS numbers show a national employment rise from 5.8 percent to 5.9. In real numbers, overall American employment increased from 146,600,000 to 147,283,000, and the number of unemployed decreased from 9,262,000 to 8,995,000.

The overall participation rate, which is the percentage of the civilian population who participated in the labor force by either having a job or actively seeking one, also increased from 62.7 percent to 62.8 percent for all Americans. Those not in the labor force, which are those who not only had no job, but did not actively seek one in the last four weeks, declined from 92,584,000 to 92,378,000.

Over the past two years of economic recession, African American employment numbers for those 16 years of age or older decreased from 16,981,000 in September to 16,940,000 in October. In terms of percentages, Black unemployment rates rose from 7.2 percent to 15. 8.  

Curiously, while Hispanic numbers have remained steady, employment rates for Asian Americans, long considered to be immune from the ravages of employment fluctuations, have seen a slight decrease in employment numbers by 2.7 percentage points.

“One factor in the employment rates for Blacks has to do with their lower participation in the part-time job market,”  says Ewan Marshall, an economics professor at Whittier College in California. “White Americans have the highest rate of participation as a share of the job market—18.5 percent—while Blacks and Asian Americans hover around fourteen percent. These numbers speak to employments for 35 hours per week or less. This situations explains a lot about the disparity in the numbers.” 

Marshall also sites the fact that overall median household incomes have seen a steady decrease across all demographics for several years. 

“Household incomes have seen a steady decline over the past few years. Asian Americans households  have lost $2,840 while the incomes of Hispanics, whites and African Americans decreased by $2,252, $1,500 and $1,056 respectively.” 

  • Facebook
  • Twitter

Leave a Comment

Recent News

Stateside

Just the beginning

July 1, 2022

Tweet Share Pin Email Over 150,000 people from around the country participated in the Mass Poor Peoples...

Commentary

Commentary
The fine print

July 1, 2022

Tweet Share Pin Email While we do need to pay attention to Supreme Court Justice Samuel Alito’s...

Education

Community College of Philadelphia to pay off $1.4 million in outstanding student account balances

June 17, 2022

Tweet Share Pin Email Community College of Philadelphia announced that it will pay off more than $1.4...

Color Of Money

Americans still have financial goals, just not sure how they will reach them

June 24, 2022

Tweet Share Pin Email BPT If you have a vision for where you’d like to be financially...

Politics

Takeaways: Trump’s mind ‘made up’ on fraud ahead of Jan. 6

June 17, 2022

Tweet Share Pin Email ABOVE PHOTO: A video exhibit plays as the House select committee investigating the...

Go With The-Flo

Sherri Shepherd’s talk show, “Sherri,” to air in place of former “The Wendy Williams Show”

June 17, 2022

Tweet Share Pin Email ABOVE PHOTO: Sherri Shepherd (Photo: s_bukley / Shutterstock) By Flo Anthony After 13...

The Philadelphia Sunday Sun Staff