The Bureau of Labor Statistics reports the unemployment rate “changed little” in April. The jobless rate fell from 8.2 percent to 8.1 percent.
The black unemployment rate was 13 percent in April, down from 14 percent in March.
There was a slight dip in black teen unemployment.
The jobs report don't tell the whole story. While private sector added 130,000 jobs in April, state and local governments shed 15,000 employees. A recent study by the Economic Policy Institute found that African Americans and women are hit hardest by downsizing in the public sector:
The disproportionate share of women and African Americans working in state and local government has translated into higher rates of job loss for both groups in these sectors. Between 2007 (before the recession) and 2011, state and local governments shed about 765,000 jobs. Women and African Americans comprised about 70 percent and 20 percent, respectively, of those losses. Conversely, Hispanic employment in state and local public-sector jobs increased during this period (although most of that increase likely occurred in the lowest-paid jobs).Job losses in the state and local public sectors stand in contrast to the jobs recovery in the private sector. From February 2010 (the month the labor market “bottomed out”) to January 2012, the United States experienced a net increase in total nonfarm employment of more than 3.2 million jobs, while state and local government employment fell by 438,000. Over this period, every major sector of the economy experienced net growth in jobs except the public sector.
Read more: Women and African Americans hit hardest by job losses in state and local governments
As they say, everything must change. So in the coming months, I will embrace change and pivot.
Stay tuned.
Created by: MBAOnline.com
I LOL when I read that New York City Mayor Michael Bloomberg's “New Year's resolution is to learn to code.”
The same day Bloomberg tweeted his plan, the Bureau of Labor Statistics released the latest jobs report. And it was no laughing matter. While the overall unemployment rate fell to its lowest level in nearly three years, black joblessness rose from 15.5 percent to 15.8 percent.
Private employers added 1.9 million jobs in 2011. Black workers are disproportionately employed in the public sector which lost 244,000 jobs last year. The writing is on the wall: A secure “good government job” is going the way of six-day mail delivery.
Innovation will accelerate public sector downsizing. The San Francisco Chronicle reported:
The nonprofit Code for America plans to open a first-of-its-kind “civic accelerator” in San Francisco, a program designed to house, mentor and fund startups focused on using technology to improve government efficiency.[…]
The details are still being worked out, but Code for America will work with the city to identify departments in particular need of new online tools. Code for America will sponsor so-called hackathons this spring and summer to find and fund entrepreneurs building the most promising solutions.
As cities and states rethink how they deliver public services, workers will feel the impact. So if Bloomberg has resolved to learn code in 2012, why not you?
The Bureau of Labor Statistics reports the national unemployment rate fell to 8.5 percent last month, a three-year low. Employers added 200,000 jobs in December, including transportation and warehousing, health care and social assistance, retail trade, manufacturing, leisure and hospitality, and construction.
Black women and black teens didn't get the memo that employers were hiring.
The black unemployment rate rose from 15.5 percent to 15.8 percent. Black male joblessness fell from 16.4 percent to 15.7 percent.
Black female unemployment is 13.9 percent, up from 13.0 percent. Black teen joblessness also rose from 39.6 percent to 42.1 percent.
Plus ça change, plus c'est la même chose. The more things change, the more they stay the same. Black folks are still the last hired.
