value-proposition

As the economy has been getting better, one number has been stubbornly high: the unemployment rate for Black Americans.

While Black folks have always found it more difficult to find jobs than their white counterparts, the unemployment rate for African-Americans has remained in the double digits for the past few years, and even reached a whopping 16.8% in 2010. Until now.

According to the December jobs numbers, the Black unemployment rate dropped to 8.3% last month, down from 9.4% in November.

Despite the positive shift in numbers, the unemployment rate for Black folks is still higher than all other groups. Currently, the white unemployment rate is 4.5%, Asian unemployment is 4%, and Hispanic unemployment is 6.3%. Moreover, wages for Black workers have stagnated since 2009, with the median household income at just $35,398.

Still, the lowered jobless rate for Black Americans is a welcomed change for many hoping to reenter the workforce in the coming year.

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  • [email protected]

    I’m glad that more black people are having jobs in America now as compared to a few years ago (a lower unemployment rate is better than a higher unemployment rate), but we have a huge way to go. We have to grow our median income rates. We have to address mass poverty in our communities. We have to also form more collaborations of black people among many classes to help the black poor in creative ways. Education, health care, the environment are real issues that we must deal with too. We are in a racial and class struggle for liberation.

    • Charles Johnson

      I think the next step also has to include consolidation the black dollar and practice word of mouth with social media and the such.

  • PrimmestPlum

    This is..good news. :)