Economics

Unemployment rate in June increased for black men but it is better than it was the same month a year ago

By Frederick H. Lowe BlackmansStreet.Today The nation’s unemployment rate rose slightly in June so did the jobless rate for black men  20 years old and older, the U.S. Bureau of Labor Statistics reported Friday. Nonfarm businesses added 213,000 jobs but the unemployment rate in June was 4 percent, an increase of a 0.2 percentage point, which added 499, 000 persons[Read More…]

Fewer infant deaths when U.S. cigarette taxes go up

  by Christina Echegaray of Vanderbilt University Higher prices and taxes for cigarettes are strongly associated with lower infant mortality rates in the United States, according to a new study that shows the association is stronger for African-American infants than for non-Hispanic white babies. That finding has implications for trying to reduce disparities in infant mortality between the two groups,[Read More…]

Flat or higher jobless rate for blacks in the third quarter

  Massachusetts reported the lowest black unemployment rate,  D.C. and Illinois the highest   by Frederick H. Lowe The jobless rate for black workers remained flat or higher in October compared with September even though the nation’s nonfarm businesses added 271,000 jobs, the U.S. Bureau of Labor Statistics reported on Friday. The country’s overall jobless rate was essentially 5%, but[Read More…]

Companies added 182,000 jobs in October

  The nation’s non-farm private-business-sector added 182,000 jobs in October, the Roseland, N.J.-based ADP Employment Report announced Wednesday. ADP reported that small businesses, those with one to 49 employees, added 90,000 jobs. Medium-size companies of 50 to 499 workers added 63,000 workers and large businesses, boasting 500 to 1,000 workers,  hired 29,000 new workers. The goods-producing sector added 24,000 jobs,[Read More…]

Social Security: no COLA in 2016

  by Frederick H. Lowe The Social Security Administration has announced there will be no automatic cost of living adjustment (COLA) for Social Security beneficiaries next year because there was no increase in inflation as measured by Consumer Price Index for Urban Wage Earners and Clerical Workers (CPI-W) in the third quarter. “The Social Security Act provides for an automatic[Read More…]

U. S. chemical contaminator eyes Africa for profit windfall

  Special to the Trice Edney News Wire from Global Information Network (TriceEdneyWire.com)  – The Michigan-based Dow Chemical Co. has renewed its plans to increase sales of industrial products in sub-Saharan Africa while earning greater profits. “Dow is absolutely betting on Africa’s growth,” said Ross McLean, president for sub-Saharan Africa, in a Reuters interview in Nairobi. “We expect to triple[Read More…]

Minister Farrakhan calls for economic boycott during the upcoming holidays

  Multi-issue Anniversary Speech Emphasizes Justice By Barrington M. Salmon (TriceEdneyWire.com) — Two decades after 1.2 million black men assembled, creating a blanket of humanity that spread across the National Mall from the U. S. Capitol to the steps of the Lincoln Memorial, the man who convened the largest-ever gathering on the Mall reenacted the Million Man March of 1995[Read More…]

BMW to Pay $1.6 Million and Offer Jobs to Settle Federal Race Discrimination Suit

  (TriceEdneyWire.com) — The U.S. District Court for the District of South Carolina today entered a consent decree ordering BMW Manufacturing Co., LLC (BMW) to pay $1.6 million and provide job opportunities to alleged victims of race discrimination as part of the resolution of a lawsuit filed by the U.S. Equal Employment Opportunity Commission (EEOC). The lawsuit, filed by EEOC’s[Read More…]

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