Economic Perspectives with Hopeton Hay on KAZI 88.7 FM in Austin, TX

African American Unemployment Declines for Third Straight Month in February

Posted by Hopeton on March 5, 2011

The unemployment rate for African Americans declined for the third consecutive month to 15.3 percent in February 2011 according to the latest report from the U.S. Bureau of Labor Statistics.  Here is the unemployment rate for African Americans every month since the recession began in December 2007:

Year Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec
2007 9.0
2008 9.1 8.3 9.1 8.6 9.6 9.5 10.0 10.7 11.4 11.4 11.5 12.1
2009 12.7 13.6 13.5 15.0 15.0 14.9 14.8 15.0 15.4 15.8 15.7 16.2
2010 16.4 15.8 16.5 16.5 15.5 15.4 15.7 16.2 16.1 15.7 16.0 15.8
2011 15.7 15.3                    

 

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One Response to “African American Unemployment Declines for Third Straight Month in February”

  1. No offense, but this is misleading. The statistics do not take into account U6 unemployment, which is now approaching 28% in the Black community. It would completely explain the alleged “drop off” of the unemployment rates you’re putting forth in your chart. That is to say, Black people are exhausting their unemployment benefits because they have been unemployed for such a long time and they are no longer even being counted by the bureau of labor statistics. It is simply factual. However, please note that the month of February saw a sharp and steep increase in lost jobs 478,000 jobs were lost in February alone. I’m sure you’re trying your best to be uplifting in our community, but, let’s not be like white people and sugar coat things. We are in no position to idly sit by while nearly half of our community is torn down into poverty. We cannot just sweep them under the rug and forget about them. For every unemployed Black man, everyone that depends on him is also affected. There is a lower rate of unemployment among Black women. With a dual income family, it is easy to see that the Black family is under attack by this economic bust. If dad loses his job the family is going to be strained. God forbid that same family was hit by the housing bust.

    We need to tell the truth and say it loud. One thing you can report, that’s uplifting and factual: Black owned business start ups increased sharply in February, dwarfing hispanic, white and asian firm start ups. Keep reporting that and maybe it will encourage Black people to start their own businesses more.

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