Unemployment Rates Between Races: Blacks at 14.4 and Whites at 7.4?
We have all heard the saying: “It’s always doubly worse for blacks in a recession than for any other race.” While we don’t want to live by cliches or be conformed to what society labels groups of people, these statistics are alarming. We all should be concerned but what will you do about it?
Read the report below and be encouraged at the end:
As the overall U.S. unemployment rate stayed at 8.2%in June, the rate among black Americans rose nearly a full percentage point. The reason for the increase appears to have been a rise in the percentage of African-Americans looking for a job, rather than job losses. The unemployment rate for blacks rose to 14.4% from 13.6% in May, the Labor Department reported Friday. That’s a sharp contrast to the white unemployment rate, which stayed put at 7.4%, and the Hispanic rate, which held at 11%.
This trend is not a new one, as the black unemployment rate has been roughly double that of whites since the government started tracking the figures in 1972. But Algernon Austin, director of the the Race, Ethnicity and the Economy program at the Economic Policy Institute, attributes the rise in the rate to more black Americans entering the workforce, not to job losses or more people out of work.
The percentage of eligible African-Americans holding or seeking a job rose in June to 62% from 61.3% in May. It was the second straight month that the percentage has increased.
We can’t be moved by the news except that ‘trouble don’t last always’. We need to continue to pray and seek God. This next popular saying may sound like a cliche, but its true if you have trust in God: ‘What God has for you, IS for you.’ Trust and believe what God can do for you in your life. He’s an overcomer and so are you!! God Bless!