The old saying “Last Hired and First Fired” that has been imbedded in Black American culture is ringing true – at least the later part. Recent data paints a worrying picture for African Americans, as unemployment figures have increased notably. Since April, 267,000 more African Americans are unemployed, contributing toContinue Reading

Black Unemployment Rate March 2023: 5.0%down from Febuary (5.7%). U.S. unemployment rate: 3.5% Historic Low for Black Unemployment Rate in March 2023: Closing the Gap and Increasing Labor Force Participation” In March 2023, the Black unemployment rate achieved a record low of 5%. Although this rate is still 1.5% higherContinue Reading

Black owned employer businesses in the United States increased 13.6% between 2012 and 2017 totaling 124,000 Black firms. These businesses employed 1,208,270  people, an increase of 23.9 percent from 2012; their payrolls totaled $26.1 billion, an increase of 30.3 percent (not adjusted for inflation). Almost 1 in 3 (32%) ofContinue Reading