U.S. employers added only 80,000 jobs in June, a third straight month of weak hiring that
shows the economy is struggling and stats show Black folks still can’t catch a break.
The Labor Department says the
unemployment
rate was unchanged at 8.2%. The economy has added just 75,000 jobs a
month in the April-June quarter. That’s one-third of 226,000 a month
created in the first quarter. Job creation is also trailing last year’s
pace through the first six months of 2012.
But among the major worker groups, the unemployment rate for blacks
sits at 14.4% and edged up over the last month. In all 50 states the
black unemployment rate remains higher than the national overall level
of unemployment, according to an analysis released by the EPI. In the 25
states where Blacks are experiencing unemployment
rates of 10% or higher, the expectation is they will continue to do so through the end of next year. SMDH!
A weaker job market has made consumers less confident. They have pulled back on spending, even though
gas prices have plunged.
This isn’t a good look for President Obama. High unemployment could
shift momentum to Mitt Romney. An Associated Press-GfK poll released
last month found that more than half of those surveyed disapproved of
President Barack Obama’s handling of the economy.
What do you think? What’s up with Blacks not getting jobs?
SCOOP: USA
Comments
Post a Comment
Thanks for commenting. You email address and IP Address has been recorded for future reference. any anonymous comment which is deemed abusive will be removed and investigated for further action.