May 19, 2013

U.S. Economy Adds 243,000 Jobs; Forecast was 125,000

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*Sorry Mitt, Newt, Donald, GOP … but the economy is looking better. The Labor Department says the U.S. economy added 243,000 jobs in January — the fastest growth since April. The unemployment rate, obtained from a different survey, fell by two-tenths of a percentage point to 8.3%, the lowest it has been since February 2009. [...]




July Jobs Report (Video): Employment Up Slightly and Black Unemployment Down a Tick

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*Hiring picked up slightly in July and the U.S. unemployment rate dipped to 9.1 percent. The modest improvement may quiet fears of another recession after the worst losses on Wall Street in nearly three years. Employers added 117,000 jobs last month, the Labor Department said Friday. That’s better than the past two months, which were [...]




Good News!: Black Employment Picture Improved In October

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*While African Americans continue to have the highest unemployment rate of any major population group, the overall situation appeared to have improved last month with Black unemployment falling from 16.1 percent in September to 15.7 percent in October. According to the monthly Labor Department report released on Friday, this improvement took place while the jobless [...]




Latest Employment Report: More Jobs being Created but Black Joblessness Stays High

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*There was mixed economic news from the Labor Department this past Friday. The agency’s monthly report showed that businesses had created 290,000 new jobs in April but the unemployment rate for African Americans remained stuck at an usually high 16.5 percent – the same as it was in March. Thus, while employers were creating nearly [...]




Nation’s Unemployment Rate Improves but Black Joblessness Continues to Rise

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*There was some good news on the nation’s unemployment front last month, but not for Blacks. According to the monthly report released Friday by the Labor Department, the overall unemployment rate fell from 10.0 percent in December to 9.7 last month. The decline took place even though the economy lost another 20,000 jobs to the [...]