Unemployment for Black Men is under 5% for the first time ever

[Worthless Loser]

A lot of struggle. A lot of progress. Understand that the fact that black unemployment is at 4.7% and the overall unemployment is at 3.4% is huge. That's only a 1.3% difference. Historically black unemployment always ran 4 to 6.5% higher than the overall unemployment rate.

 

[OfTheCross]

@Atlrocafella @OfTheCross another for #bidenboyz

Racism is over. Bless Biden

 

[97Pac]

Another point is how many men are actually a part of the labor force as in actively looking for employment.

Yea this don't mean shyt if you don't account for the people out of work and currently not looking.

 

[Wiseborn]

This is wonderful news.

 

[OfTheCross]

Another point is how many men are actually a part of the labor force as in actively looking for employment.

There's a separate measure for that.

Record lows there as well.

Biden

 

[2legit]

This is the most important note in the thread and you're the only one that pointed it out.

More Black people are in the Labor Force than White People.

 

[ORDER_66]

Is this supposed to make me feel fukking happy???

 

[Worthless Loser]

Is this supposed to make me feel fukking happy???

No, but if you were to look at this from a historical perspective and in comparsion to the overall unemployment rate over time, this is a big accomplishment.

 

[UpAndComing]

That news article needs to define "Unemployment"

 

[ORDER_66]

No, but if you were to look at this from a historical perspective and in comparsion to the overall unemployment rate over time, this is a big accomplishment.

Still not a good thing when we have majority homeless black folks here in america...

 

[Ghost Utmost]

Not to beat a dead horse but the unemployment numbers are misleading. Are black men gainfully employed in these careers that produce wealth and can support a family?

Let me make sure to say that I agree with your overall concept.

Things are not close to fair yet.

But things are closer than before. And the entire trajectory of our economic position is improving over time.

This headline is not ultimate victory or anything close. But it is a good data point and shows that our hard work is paying off

 

[Worthless Loser]

Still not a good thing when we have majority homeless black folks here in america...

That is a deflection to what I presented to you.

As I mentioned in a previous post, historically the black unemployment rate runs 4% to 6.5% behind the overall unemployment rate. The fact that currently the black unemployment rate is 4.7% and the overall unemployment rate is 3.4% (only a 1.3% difference) means that there has been incredible progress black people becoming more active participants, full in the economy and closing the employment equity gap.

Below is the unemployment rate since 2000:

Now compare that to the black unemployment rate since 2000.

 

[Tribal Outkast]

Shoutout to the brehs getting to the money

 

[ORDER_66]

That is a deflection to what I presented to you.

As I mentioned in a previous post, historically the black unemployment rate runs 4% to 6.5% behind the overall unemployment rate. The fact that currently the black unemployment rate is 4.7% and the overall unemployment rate is 3.4% (only a 1.3% difference) means that there has been incredible progress black people becoming more active participants, full in the economy and closing the employment equity gap.

Below is the unemployment rate since 2000:

Now compare that to the black unemployment rate since 2000.

Still doesnt satisfy me...

 

[UpNext]

It's hard to get gassed on employment numbers while they juice them with gig work