Economics

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Businesses add 142,000 jobs in September, and black jobless rate declines

  The nation’s nonfarm businesses added 142,000 jobs in September, but the Economic Policy Institute, a non-partisan think tank based in Washington, D.C., called the report disappointing. “September’s numbers bring average monthly job creation to 198,000 in 2015, a rate slower than 2014,” EPI reported. “Hope for upward revisions to the low August numbers were revised downward by a combined […]

Black Workers Business Economics Education Mental Health News

Report: Median Income for Black Households Rises

  by Frederick H. Lowe Median income for African-American households rose 3.5 % from 2011 to 2013 as the Great Recession has waned, The Nielsen Company recently reported. “Real median household income increased more among African-American households (+$793) than among white households (+$433) and more than the total population, according the U.S. Census, Nielsen reported in its Diverse Intelligence Series. […]

Diamond miners
Africa Black Workers Economics History News

Notorious ‘blood diamond’ trafficker nabbed en route to U. S.

  (TriceEdneyWire.com) — U.S. businessman Michel Desaedeleer, whose dealings in ‘blood diamonds’ which were shown in the 2006 movie of the same name, starring Djimond Hounsou and Leonardo DiCaprio, was pulled him off a plane and arrested by police in Malaga, Spain, for alleged war crimes and enslavement in the African country of Sierra Leone. Desaedeleer, 64, was flying to […]

M&T Bank
Business Civil Rights Economics News

Bank Agrees to Pay Fine

  M&T Bank Corp., recipient of the highest Community Reinvestment Act compliance rating, has resolved a lawsuit filed by the Fair Housing Justice Center by paying $485,000 and changing certain of its banking practices, according a news release issued by the New York-based justice center. The Fair Housing Justice Center and nine African-American, Hispanic, South Asian and white testers sued M&T […]

Trans-Pacific Partnership:  What’s in it for Black Workers?
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Trans-Pacific Partnership: What’s in it for Black Workers?

  Editorial By Frederick H. Lowe The United States Senate has given President Barack Obama a green light to go ahead with the Trade Priorities and Accountability Act of 2015 (TPA), which is the right to negotiate the Trans-Pacific Partnership (TPP), a secret trade deal between the United States and 11 other nations. Now it is up to the U.S. […]

Black Unemployment Rate Was 9.6%in April
Economics News

Black Unemployment Rate Was 9.6%in April

…. Still much higher than any other group   By Frederick H. Lowe The U.S. Bureau of Labor Statistics reported on Friday that the April unemployment rate for African Americans on a seasonally adjusted basis was 9.6%, down from 10.1% in March as the nation’s nonfarm businesses added 223,000 jobs, but the overall unemployment rate remained unchanged at 5.4%. The […]

Dr. Algeron Austin said the lack of jobs and low pay is the root of problems in the black community.
Civil Rights Economics News

High Unemployment and Low Wages in the Black Community Affects Everything

By Frederick H. Lowe Fifty years after Title VII of the 1964 Civil Rights Act overturned laws that overtly restricted blacks to a limited number of low-wage occupations, African Americans still suffer from the affects of high unemployment, low wages and limited access to higher-paying jobs that encourage marriage, better health care, neighborhood safety and discourage crime, according to a […]

Marc Morial
Black Workers Economics Jobs News

Black America Missing Nearly Half of Its Economic Share

New Report Shows African-Americans at Rock Bottom of America’s Equality Index By Hazel Trice Edney (TriceEdneyWire.com) — Amidst continued struggles to maintain voting rights, protests to end shootings of unarmed black males by police and a constant press to lower the jobless rate for African-Americans, a new report this week announces that Black America is still not receiving nearly half […]

The Thurgood Marshall College Fund has signed an agreement with Apple
Civil Rights Economics Education News

Growing Diversity at Apple A Sweet Bite for Minorities

by Rosemary Eng CUPERTINO, CA — The Rev. Jesse Jackson, who has made the rounds in Silicon Valley, smacking high-tech companies on the head for lagging in minority hiring, came out singing praises at the shareholders meeting of Apple Inc., saying “your light shines in the darkness. Give a hand to Tim Cook.” The meeting March 10 at Apple headquarters […]

Byron Allen
Business Economics News

Lawsuit: Comcast, Time Warner Don’t Have Enough Cable for Black-Owned Media Companies

By Frederick H. Lowe Comcast Corp. and Time Warner Cable Inc., which are seeking the Federal Communications Commission’s permission to merge, generally have refused to do business with media companies that are 100 percent black-owned, according to a lawsuit filed in U.S. District Court for the Central District of California in Los Angeles. Instead, Comcast and Time Warner have signed […]