Bakersfield Black Magazine
No Result
View All Result
  • Home
  • Black Media
  • Celebrity
  • Lifestyle
  • Health
  • Fashion
  • Beauty & Hair
  • Events
  • Love
  • Recipe
  • Travel
Bakersfield Black Magazine
  • Home
  • Black Media
  • Celebrity
  • Lifestyle
  • Health
  • Fashion
  • Beauty & Hair
  • Events
  • Love
  • Recipe
  • Travel
No Result
View All Result
Bakersfield Black Magazine
No Result
View All Result

Black Unemployment Rate Rises As Overall Unemployment Falls

April 7, 2024
in Black Media
Reading Time: 3 mins read
A A
0
Home Black Media
Share on FacebookShare on Twitter



by Daniel Johnson

April 6, 2024

The numbers, whereas a crescendo on the rising unemployment numbers of Black People relationship again to December 2023, haven’t but risen to the purpose of alarm for consultants.

After the Division of Labor launched its jobs report for March, the information revealed that the unemployment charge for Black People took a bounce. The numbers, whereas a crescendo on the rising unemployment numbers of Black People relationship again to December 2023, haven’t but risen to the purpose of alarm for consultants.

As CNBC studies, Black unemployment in March got here in at 6.4%, a rise from the 5.4% determine in February. Against this, the unemployment charge for white People was 3.8% for March. 

The numbers for Black girls mirrored the general enhance; their numbers seem to drive the general unemployment enhance amongst Black People. The unemployment numbers for Black girls went as much as 5.6%, a marked enhance from the 4.4% charge posted in February. Black males’s numbers, in the meantime, remained secure, though elevated. The numbers for Black males in March got here in at 6.2%, a slight enhance from the 6.1% charge in February.

Elise Gould, a senior economist on the Financial Coverage Institute, advised CNBC that though the numbers are one thing that’s regarding, she just isn’t but alarmed. As well as, she advised the outlet that unemployment numbers by race and intercourse might be risky from month to month. These figures symbolize a ratio of 1.55 to 1, in line with information from the Bureau of Labor Statistics.

“That’s a regarding development. I’d say it’s not alarming but, however I feel it’s one thing that we actually want to look at in coming months.” Gould additionally contextualized the rising numbers, including, “Individuals are in search of extra alternatives, not all of them are getting them, and that’s why the unemployment charge is rising.”

In 2022, Neel Kashkari, the president and CEO of the Federal Reserve Financial institution of Minneapolis, advised Vox’s Noel King on an episode of the outlet’s In the present day Defined podcast that the hole in unemployment between Black and white People is persistent it doesn’t matter what the bigger state of the economic system is. 

“The 2X drawback is that this persistent, pernicious hole the place Black People face twice the unemployment as white People, it doesn’t matter what sort of an economic system we’ve got, a booming economic system or a recession. It’s pervasive and pernicious, and we’ve got to deal with it.”

In accordance with Valerie Wilson, program director on the Financial Coverage Institute, the shortage of employment fairness is a racial and financial justice subject. Wilson advised ABC Information, “There isn’t any different relationship within the labor market that’s almost this constant and secure. Employment fairness is crucial to racial and financial justice as a result of work is crucial.”

Wilson added, “It’s individuals’s potential to offer for themselves and their households.”

Economists use a shorthand rationalization for what occurs to Black staff throughout an bettering financial panorama–“Final one employed, first one fired.” 

As Christian Weller, a professor of public coverage on the College of Massachusetts at Boston who research racial disparities in employment, advised ABC Information: “Discrimination nonetheless exists. Employers up to now that will have stereotyped or discriminated in opposition to African People are extra prepared to rent,” Weller mentioned. “The ratio is coming down a bit however you need to squint.”

RELATED CONTENT: U.S. Unemployment Profit Functions Declining, Signaling Sturdy Job Market



Source link

Tags: BlackFallsraterisesunemployment
Previous Post

Rwanda commemorates genocide anniversary, post-genocide controversies – AFRO American Newspapers

Next Post

Oklahoma executes black man for 2002 double murder – AFRO American Newspapers

Related Posts

Mental health and addiction in the Black community
Black Media

Mental health and addiction in the Black community

July 8, 2025
AI Gorillas Mimicking a Certain Type of Black Women Cause a Stir Online, Some Compare Character In Videos to Megan Thee Stallion
Black Media

AI Gorillas Mimicking a Certain Type of Black Women Cause a Stir Online, Some Compare Character In Videos to Megan Thee Stallion

July 8, 2025
Shannon Sharpe’s Sexual Assault Lawsuit Receives July 9 Hearing
Black Media

Shannon Sharpe’s Sexual Assault Lawsuit Receives July 9 Hearing

July 8, 2025
The Big Beautiful Bill Is Bad for Climate Justice Too
Black Media

The Big Beautiful Bill Is Bad for Climate Justice Too

July 8, 2025
‘Alice in Borderland’ Season 3 Sets September Premiere on Netflix
Black Media

‘Alice in Borderland’ Season 3 Sets September Premiere on Netflix

July 8, 2025
Trump’s trade war threats reshape global markets
Black Media

Trump’s trade war threats reshape global markets

July 7, 2025
Next Post
Oklahoma executes black man for 2002 double murder – AFRO American Newspapers

Oklahoma executes black man for 2002 double murder – AFRO American Newspapers

SWV’s Lelee Shuts Down the Thought of Getting Married Because Married Folks Say It’s ‘a Lot of Work, ‘I’m Not Sure If I Wanna Work Full Time’

SWV's Lelee Shuts Down the Thought of Getting Married Because Married Folks Say It’s 'a Lot of Work, 'I’m Not Sure If I Wanna Work Full Time'

No Labels group drops presidential ambitions amid candidate struggle – AFRO American Newspapers

No Labels group drops presidential ambitions amid candidate struggle – AFRO American Newspapers

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

  • Trending
  • Comments
  • Latest
Pamela Anderson The Latest Cover Girl For Elle Magazine

Pamela Anderson The Latest Cover Girl For Elle Magazine

January 26, 2025
Terrell Owens and Chad Johnson Recall 12-hr, 17-Woman Orgy

Terrell Owens and Chad Johnson Recall 12-hr, 17-Woman Orgy

November 19, 2023
Older White Women Seeking Young Black Men

Older White Women Seeking Young Black Men

February 12, 2024
Zoe Saldana Talks “Elio” On Live Kelly and Mark

Zoe Saldana Talks “Elio” On Live Kelly and Mark

June 5, 2025
70-Year-Old Black Grandpa With 11 Grandchildren, “I Saved My Life Without Surgery”

70-Year-Old Black Grandpa With 11 Grandchildren, “I Saved My Life Without Surgery”

March 21, 2024
What TikTok gets wrong about pores

What TikTok gets wrong about pores

June 15, 2025
Jannik Sinner faces anxious wait, Novak scare

Jannik Sinner faces anxious wait, Novak scare

July 8, 2025
Mental health and addiction in the Black community

Mental health and addiction in the Black community

July 8, 2025
Lawsuit: Kennedy’s Anti-Vax Stance is an “Existential Threat”

Lawsuit: Kennedy’s Anti-Vax Stance is an “Existential Threat”

July 7, 2025
AI Gorillas Mimicking a Certain Type of Black Women Cause a Stir Online, Some Compare Character In Videos to Megan Thee Stallion

AI Gorillas Mimicking a Certain Type of Black Women Cause a Stir Online, Some Compare Character In Videos to Megan Thee Stallion

July 8, 2025
TYJO network is the new wave for raw real content

TYJO network is the new wave for raw real content

July 8, 2025
J Money Recalls Meeting His “Korean Twin” Andrew Lee

J Money Recalls Meeting His “Korean Twin” Andrew Lee

July 8, 2025

Popular Story

  • Suki & Rollie Get Into Heated Fight In ‘Baddies East’ Teaser

    Suki & Rollie Get Into Heated Fight In ‘Baddies East’ Teaser

    593 shares
    Share 237 Tweet 148
  • Scents of Power: The Best Fragrances for Black Men and Women This National Fragrance Day

    592 shares
    Share 237 Tweet 148
  • PulteGroup’s Jim Zeumer Responds to Black Employees’ Lawsuit and “Noose Meeting”

    592 shares
    Share 237 Tweet 148
  • Pamela Anderson The Latest Cover Girl For Elle Magazine

    591 shares
    Share 236 Tweet 148
  • Angela Rye and Jalen Rose Step Out As A Verified Couple

    591 shares
    Share 236 Tweet 148
Bakersfield Black Magazine

Brows the Latest Black News on Bakersfield Black Magazine. Beauty & Hair, Black Media, Celebrity, Events, Fashion, Health, Lifestyle and More News.

Categories

  • Beauty & Hair
  • Black Media
  • Celebrity
  • Events
  • Fashion
  • Health
  • Lifestyle
  • Love
  • Recipe
  • Travel
  • Uncategorized

Recent News

  • Jannik Sinner faces anxious wait, Novak scare
  • Mental health and addiction in the Black community
  • Lawsuit: Kennedy’s Anti-Vax Stance is an “Existential Threat”
  • DMCA
  • Disclaimer
  • Privacy Policy
  • Cookie Privacy Policy
  • Terms and Conditions
  • Contact us

Copyright © 2023 Bakersfield Black Magazine.
Bakersfield Black Magazine is not responsible for the content of external sites.

No Result
View All Result
  • Home
  • Black Media
  • Celebrity
  • Lifestyle
  • Health
  • Fashion
  • Beauty & Hair
  • Events
  • Love
  • Recipe
  • Travel

Copyright © 2023 Bakersfield Black Magazine.
Bakersfield Black Magazine is not responsible for the content of external sites.