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Economists are reporting that the economy is improving and we are seeing the evidence in a lower unemployment rate but the lower rate has not meant more jobs for African American men. The latest statistics from the Department of Labor show that African American men have not gained from the decrease in the unemployment rate.
In September an additional 114,000 jobs were added to the economy. There were over 86,000 additional jobs also added in July and August. In the last 31 months, the private sector has added jobs every single month which reflected well on President Obama who took office during the worst economic crisis since the the Great Depression.
It’s interesting to note that among adults over the age of 20, the improvement in unemployment rates was only for African-American women. The employment rate for Black women improved from 55.1 percent to 55.3 percent but the employment rate for Black men decreased from 57.7 percent to 57.5 percent.
Over the course of President Obama’s first term, more than a million jobs have been created and the unemployment rate has reached its lowest point in 44 months at 7.8 percent in September.
While the rest of the country celebrates, it’s important to note that overall, African-American employment only went up from 52.7 percent to 53.0 percent and unemployment only fell from 14 percent to 13.4 percent.
Since the Obama administration implemented the American Recovery and Reinvestment Act of 2009 we have seen more jobs being added every month starting from March 2010.
While the rest of the country and the Obama administration talk about how more jobs are being created, a conversation also needs to be going on about why Black men are not reaping the benefits of those additional jobs that are being created.