Part of the
A department spokesman cautioned that volatility at this time of year is common. Applications had jumped two weeks ago, largely because companies laid off thousands of temporary workers hired for the holidays.
Read More
WASHINGTON — A burst of hiring in December pushed the unemployment rate to its lowest level in nearly three years, giving the economy a boost at the end of 2011.
SEE ALSO:
The Labor Department said Friday that employers added a net 200,000 jobs last month and the unemployment rate fell to 8.5 percent, the lowest since
Read More
WASHINGTON– The outlook for the job market is looking brighter.
Far fewer people are seeking unemployment benefits than just three months ago – a sign that layoffs are falling sharply.
SEE ALSO: If Obama Loses, What Will He Do Next?
The number of people applying for benefits fell last week to 366,000, the fewest since May 2008. If the number stayed that low consistently, it would likely signal that hiring is strong
What happens within the black community when the gap widens between the poor and the affluent? That’s one question raised by new census data showing well-off African-Americans leaving cities for the suburbs and the South while the ranks of the black poor grow larger.
SEE ALSO: Is Obama Finally Seizing The Moment?
Over the past decade, the share of black households ranking among the poorest poor
Read More
Millions of American school children are receiving free or reduced lunches for the first time as America’s economic downturn has left many middle-class families struggling to make it.
See also: California Schools Move Ahead With Healthier Meals Despite Backtrack In Congress
The number of students recieiving subsidized lunch rose 17 percent since the 2006, according to Department of Agriculture data gathered by the New York Times. Eleven states had four-year increases of
Read More
In Detroit, where a large number of the city’s unemployed are either on probation or on parole, the city recently held an “Offenders Only” Job Fair in an effort to put its ex-convicts back to work.
Organized by Detroit City Council President Charles Pugh, the job fair featured hundreds of job openings available only to individuals with a felony on their record.
Read More“In this tough job market, we know that it is difficult,
As the labor market stalls, jobless claims have risen to almost half a million. This is the second week in which unemployment claims have risen.
This brings the total number of Americans receiving unemployment to more than seven million people.
RELATED: Dr. Boyce: 27-Year High On Black Unemployment Is A
Read More
The Bureau of Labor Statistics has released its most recent unemployment data. We knew that Black folks (especially men) would be at the bottom, we just didn’t know how bad. Well, it turns out that the numbers exceed even the most pessimistic predictions.
Black unemployment shot up like a rocket during the month of August, rising from an abysmal 15.9 percent to an even more shocking 16.7 percent. Much of
Read More
Despite a slumping economy, states like North Dakota seem to be doing fairly well. With an unemployment rate slightly over 3 percent and the highest job growth in the nation, some say North Dakota and its neighboring states (Montana, South Dakota and Minnesota), are the best options for African-Americans looking to find work.
Read MoreBut with unemployment as high as it is, Black folks may need to begin looking for work in places
Economists are warning that a recession now would be far worse than the recession that ended in 2007.
Today the economy has 5 percent fewer jobs, and the unemployment rate has almost doubled since the onset of the last recession.
The NewYorkTimes.com reports:
Read More“It would be disastrous if we entered into a recession at this stage, given that we haven’t yet made up for the last recession,” said Conrad DeQuadros, senior economist at RDQ
