The Black unemployment rate is at its highest since 2021. Here's why its a bad sign for the economy.

[j brown's body]

"Unemployment for Black Americans is at its worst level since the pandemic, with some economists seeing the latest results as a sign of worse things to come for the US economy. The unemployment rate for Black Americans hit 7.5% in August, according to seasonally adjusted data released Friday by the Bureau of Labor Statistics, its highest since October 2021 — more than double the rate seen for white workers. Some possible reasons include federal job cuts and tariff-fueled economic uncertainty.

Meanwhile, the unemployment rate for Black men, at 7.1%, was slightly higher than the 6.7% unemployment rate seen for Black women in August, though Black women have seen bigger employment losses since the first quarter of this year. (Black teens of both sexes, ages 16-19, had an unemployment rate of 24.8%.)

That's not a great thing for the country's economic well-being. “What we find typically is that the unemployment rates that you see for the young, for Blacks — and particularly Black males — are a telltale sign of the direction of the economy and what we can expect to see hit overall in a few months,” said Gary Hoover, an economist at Tulane University."

Link

I hope this isnt a harbinger of economic decline, except a poor economy might be the only thing that saves us from Trump's Totalitarianism.

 

[Hari Seldon]

"Unemployment for Black Americans is at its worst level since the pandemic, with some economists seeing the latest results as a sign of worse things to come for the US economy. The unemployment rate for Black Americans hit 7.5% in August, according to seasonally adjusted data released Friday by the Bureau of Labor Statistics, its highest since October 2021 — more than double the rate seen for white workers. Some possible reasons include federal job cuts and tariff-fueled economic uncertainty.

Meanwhile, the unemployment rate for Black men, at 7.1%, was slightly higher than the 6.7% unemployment rate seen for Black women in August, though Black women have seen bigger employment losses since the first quarter of this year. (Black teens of both sexes, ages 16-19, had an unemployment rate of 24.8%.)

That's not a great thing for the country's economic well-being. “What we find typically is that the unemployment rates that you see for the young, for Blacks — and particularly Black males — are a telltale sign of the direction of the economy and what we can expect to see hit overall in a few months,” said Gary Hoover, an economist at Tulane University."

Link

I hope this isnt a harbinger of economic decline, except a poor economy might be the only thing that saves us from Trump's Totalitarianism.

I thought the mango mussolini was the greatest gift to black people?

 

[Integrityrespec]

"Unemployment for Black Americans is at its worst level since the pandemic, with some economists seeing the latest results as a sign of worse things to come for the US economy. The unemployment rate for Black Americans hit 7.5% in August, according to seasonally adjusted data released Friday by the Bureau of Labor Statistics, its highest since October 2021 — more than double the rate seen for white workers. Some possible reasons include federal job cuts and tariff-fueled economic uncertainty.

Meanwhile, the unemployment rate for Black men, at 7.1%, was slightly higher than the 6.7% unemployment rate seen for Black women in August, though Black women have seen bigger employment losses since the first quarter of this year. (Black teens of both sexes, ages 16-19, had an unemployment rate of 24.8%.)

That's not a great thing for the country's economic well-being. “What we find typically is that the unemployment rates that you see for the young, for Blacks — and particularly Black males — are a telltale sign of the direction of the economy and what we can expect to see hit overall in a few months,” said Gary Hoover, an economist at Tulane University."

Link

I hope this isnt a harbinger of economic decline, except a poor economy might be the only thing that saves us from Trump's Totalitarianism.

Really is a simple fix. Cut the fed rate by at least 1 pt and deport all the illegals occupying jobs.

 

[Hari Seldon]

Really is a simple fix. Cut the fed rate by at least 1 pt and deport all the illegals occupying jobs.

Are we to infer from your post that black people want and are willing to do all those jobs illegals are doing?

 

[Yakshi]

Really is a simple fix. Cut the fed rate by at least 1 pt and deport all the illegals occupying jobs.

Is this the part of the story where you pretend to understand economics?

 

[exoplanet]

Really is a simple fix. Cut the fed rate by at least 1 pt and deport all the illegals occupying jobs.

Trump has been deporting and it hasn't helped. Why would you think that would help at this point?

 

[Callen]

Really is a simple fix. Cut the fed rate by at least 1 pt and deport all the illegals occupying jobs.

Yeah because those illegals are all taking black jobs

 

[ncguy]

Really is a simple fix. Cut the fed rate by at least 1 pt and deport all the illegals occupying jobs.

You think it's simple to deport all the illegals? Lol
Cut interest rates a lot? Sure, we love higher inflation

 

[Ishm]

Wasn't so long ago that Trump was saying how he was the best president ever for black people because 'he had' reduced the black unemployment rate. So do these latest numbers now make him a bad president for black people using Trumps own argument?

 

[CaughtInThe]

Black women, as a voting block, were the smartest voting block in the last Presidential election.

They knew.

 

[dmpi]

BLM was a unmitigated dumpster fire for blacks. Social Justice isn't a profession, neither is looting and shoplifting. They're going to be paying for it for generations.

 

[RaleBulgarian]

Are we to infer from your post that black people want and are willing to do all those jobs illegals are doing?

Appears to be @Integrityrespec’s implication.

 

[RaleBulgarian]

Trump has been deporting and it hasn't helped. Why would you think that would help at this point?

Isn’t it always best to mash all the way down on the accelerator pedal when you’re nearly buried to the axle?

 

[Ikari]

Well none of it is good. Trump is killing the economy and marching is towards stagflation.

 

[Ikari]

BLM was a unmitigated dumpster fire for blacks. Social Justice isn't a profession, neither is looting and shoplifting. They're going to be paying for it for generations.

MAGA is an unmitigated dumpster fire for America.

 

[Citizen]

BLM was an unmitigated dumpster fire for blacks. Social Justice isn't a profession, neither is looting and shoplifting. They're going to be paying for it for generations.

So……..What does BLM have to do with the black unemployment rate???

 

[yankintx]

Trump:

"Vote for me, what have you got to lose?"

Uhm....how about your jobs

Aaah the new golden age for America, MAGA style.

 

[Hatuey]

So……..What does BLM have to do with the black unemployment rate???

BLM was a unmitigated dumpster fire for blacks. Social Justice isn't a profession, neither is looting and shoplifting. They're going to be paying for it for generations.

Well, I think what he means is that BLM protested, and now blacks are going to pay for it.

 

[Citizen]

Well, I think what he means is that BLM protested, and now blacks are going to pay for it.

So… blacks are getting punished by systemic racism because of BLM. Say the quiet part out loud

 

[Hatuey]

So… black are getting punished by systemic racism because of BLM. Say the quiet part out loud

I dunno man, I think @dmpi just meant that blacks will be punished for what BLM did in the non-racist way. I mean there is probably a racist way to punish blacks for what BLM did, but I am convinced @dmpi meant the non-racist way to punish blacks for what BLM did.

 

[Citizen]

I dunno man, I think @dmpi just meant that blacks will be punished for what BLM did in the non-racist way. I mean there is probably a racist way to punish blacks for what BLM did, but I am convinced @dmpi meant the non-racist way to punish blacks for what BLM did.

There is no “non-racist” way to punish a race of people

 

[Hatuey]

There is no “non-racist” way to punish a race of people

I don't know man, I am just commenting. @dmpi - will blacks be paying for what BLM did in a non-racist way?

Asking for our Citizen friend here.

 

[Citizen]

I don't know man, I am just commenting. @dmpi - will blacks be paying for what BLM did in a non-racist way?

Asking for our Citizen friend here.

That’s a dumb ass question, but go for it

 

[Hatuey]

That’s a dumb ass question, but go for it

@dmpi was the one who said blacks will be paying for what BLM did. I am just looking for clarification myself.

 

[Plasmaball]

Really is a simple fix. Cut the fed rate by at least 1 pt and deport all the illegals occupying jobs.

So....you want black people working on farms......bold move