Dream Wired
No Result
View All Result
  • Home
  • Celebrity
  • DramaAlert
  • Gossip
  • Movie
  • TV
  • Music
  • Comics
  • Shop
  • Home
  • Celebrity
  • DramaAlert
  • Gossip
  • Movie
  • TV
  • Music
  • Comics
  • Shop
No Result
View All Result
Dream Wired
No Result
View All Result
Home DramaAlert

Black Unemployment Rate Rises As Overall Unemployment Falls

rmtsa by rmtsa
April 6, 2024
in DramaAlert
0
Black Unemployment Rate Rises As Overall Unemployment Falls
74
SHARES
1.2k
VIEWS
Share on FacebookShare on Twitter


You might also like

Heidi Klum’s first Halloween costume was ‘boring.’ We’re ranking the jaw-droppers that followed.

Karrueche Praises Raising Cane’s For ‘Collabing With The Culture’

South Korean President Lee Jae Myung Gives Donald Trump A Gold Crown And Necklace Weeks After ‘No Kings’ Protests In America; Korean Protesters Also Rally

unemployment, Black unemployment,

by Daniel Johnson

April 6, 2024

The numbers, while a crescendo on the rising unemployment numbers of Black Americans dating back to December 2023, have not yet risen to the point of alarm for experts.

After the Department of Labor released its jobs report for March, the data revealed that the unemployment rate for Black Americans took a jump. The numbers, while a crescendo on the rising unemployment numbers of Black Americans dating back to December 2023, have not yet risen to the point of alarm for experts.

As CNBC reports, Black unemployment in March came in at 6.4%, an increase from the 5.4% figure in February. By contrast, the unemployment rate for white Americans was 3.8% for March. 

The numbers for Black women reflected the overall increase; their numbers appear to drive the overall unemployment increase among Black Americans. The unemployment numbers for Black women went up to 5.6%, a marked increase from the 4.4% rate posted in February. Black men’s numbers, meanwhile, remained stable, although elevated. The numbers for Black men in March came in at 6.2%, a slight increase from the 6.1% rate in February.

Elise Gould, a senior economist at the Economic Policy Institute, told CNBC that although the numbers are something that is concerning, she is not yet alarmed. In addition, she told the outlet that unemployment numbers by race and sex can be volatile from month to month. These figures represent a ratio of 1.55 to one, according to data from the Bureau of Labor Statistics.

“That’s a concerning trend. I would say it’s not alarming yet, but I think it’s something that we really need to watch in coming months.” Gould also contextualized the rising numbers, adding, “People are looking for more opportunities, not all of them are getting them, and that’s why the unemployment rate is rising.”

In 2022, Neel Kashkari, the president and CEO of the Federal Reserve Bank of Minneapolis, told Vox’s Noel King on an episode of the outlet’s Today Explained podcast that the gap in unemployment between Black and white Americans is persistent no matter what the larger state of the economy is. 

“The 2X problem is this persistent, pernicious gap where Black Americans face twice the unemployment as white Americans, no matter what kind of an economy we have, a booming economy or a recession. It’s pervasive and pernicious, and we have to address it.”

According to Valerie Wilson, program director at the Economic Policy Institute, the lack of employment equity is a racial and economic justice issue. Wilson told ABC News, “There is no other relationship in the labor market that is nearly this consistent and stable. Employment equity is essential to racial and economic justice because work is essential.”

Wilson added, “It’s people’s ability to provide for themselves and their families.”

Economists use a shorthand explanation for what happens to Black workers during an improving economic landscape–“Last one hired, first one fired.” 

As Christian Weller, a professor of public policy at the University of Massachusetts at Boston who studies racial disparities in employment, told ABC News: “Discrimination still exists. Employers in the past that may have stereotyped or discriminated against African Americans are more willing to hire,” Weller said. “The ratio is coming down a bit but you have to squint.”

RELATED CONTENT: U.S. Unemployment Benefit Applications Declining, Signaling Robust Job Market



Source link

Tags: BlackFallsRateRisesUnemployment
Share30Tweet19
rmtsa

rmtsa

Recommended For You

Heidi Klum’s first Halloween costume was ‘boring.’ We’re ranking the jaw-droppers that followed.

by rmtsa
October 30, 2025
0
Heidi Klum’s first Halloween costume was ‘boring.’ We’re ranking the jaw-droppers that followed.

Heidi Klum’s first Halloween costume was kind of a dud.At her very first “Heidi Halloween” in 2000, the supermodel wore a black wig and a patent leather dirndl,...

Read more

Karrueche Praises Raising Cane’s For ‘Collabing With The Culture’

by rmtsa
October 30, 2025
0
Karrueche Praises Raising Cane’s For ‘Collabing With The Culture’

Hollywood is in the Halloween spirit! Source: Marlon Linares / @strydur Raising Cane’s owner and founder Todd Graves brought the holiday cheer to the heart of Hollywood in...

Read more

South Korean President Lee Jae Myung Gives Donald Trump A Gold Crown And Necklace Weeks After ‘No Kings’ Protests In America; Korean Protesters Also Rally

by rmtsa
October 30, 2025
0
South Korean President Lee Jae Myung Gives Donald Trump A Gold Crown And Necklace Weeks After ‘No Kings’ Protests In America; Korean Protesters Also Rally

#Socialites, get a load of this! Just weeks after over 7 million Americans rallied in nationwide “No Kings” protests against President Donald Trump, the president of South Korea,...

Read more

“Fresh Prince of Bel Air” Child Actor Floyd Roger Myers Jr. Dead at 42

by rmtsa
October 30, 2025
0
“Fresh Prince of Bel Air” Child Actor Floyd Roger Myers Jr. Dead at 42

'Fresh Prince of Bel Air' Child Star Floyd Roger Myers Jr. Dead at 42 Published October 29, 2025 7:08 PM PDT Floyd Roger Myers Jr. -- a former...

Read more

New Research Proves Your Financial Decisions Are Driven By Feelings, Not Facts –

by rmtsa
October 30, 2025
0
New Research Proves Your Financial Decisions Are Driven By Feelings, Not Facts –

by BLACK ENTERPRISE Editors October 29, 2025 Nearly half of Americans avoid checking their financial accounts due to stress. Mood and money: Research shows emotions are driving financial...

Read more
Next Post
Prince Harry & Meghan Markle Allegedly ‘Aware Money Is Disappearing Fast’

Prince Harry & Meghan Markle Allegedly 'Aware Money Is Disappearing Fast'

Leave a Reply Cancel reply

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

Browse by Category

  • Celebrity
  • Comics
  • DramaAlert
  • Gossip
  • Movie
  • Music
  • TV
  • Uncategorized
DramaWired

Browse the Latest Entertainment News on DramaWired.com. Celebrity News, Movies, Music, Gossip, Comics, TV and More News.

CATEGORIES

  • Celebrity
  • Comics
  • DramaAlert
  • Gossip
  • Movie
  • Music
  • TV
  • Uncategorized
No Result
View All Result

Recent News

  • SIRĀT – Official Teaser Trailer – In Select Theaters November 14
  • Heidi Klum’s first Halloween costume was ‘boring.’ We’re ranking the jaw-droppers that followed.
  • Andy Cohen on Biggest Douchebag on Bravo, Worst Feud

Copyright © 2023 DramaWired.
DramaWired is a content aggregator and not responsible for the content of external sites.

No Result
View All Result
  • Home
  • Celebrity
  • DramaAlert
  • Gossip
  • Movie
  • TV
  • Music
  • Comics
  • Shop

Copyright © 2023 DramaWired.
DramaWired is a content aggregator and not responsible for the content of external sites.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In