Black out flag in the Job Report 2020

Aug 6th, 2022
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How to black out flag in the Job Report 2020

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WELCOME BACK TO THE EXCHANGE. THE MARCH JOBS REPORT STRONGER THAN EXPECTED WITH THE BROADER UNEMPLOYMENT RATE DROPPING TO 3.8%. DIVING DEEPER INTO THE DATA, THE JOBLESS RATE FOR ASIANS AND HISPANICS SPELL TO 2.4%, BUT FOR BLACKS, THE RATE SURGED TO 6.4%, THE HIGHEST LEVEL SINCE AUGUST OF 2022. JOINING ME NOW TO DISCUSS THIS DESISPARITY IN JOBS AND THE IMPT ON THE ECONOMY IS PRESIDENT AND CEO OF NATIONAL URBAN LEAGUE AND THE FORMER MAYOR OF NEW ORLEANS. THANK YOU FOR BEING WITH US. TALK ABOUT WHY DO WE HAVE THIS DISPARITY, AND WHAT CAN WE DO ABOUT IT? ITS NOT EASILY EXPLAINABLE, BUT IT MUST HAVE SOMETHING TO DO WITH DISCRIMINATION IN HIRING PRACTICES. HOW ELSE COULD YOU EXPLAIN THIS SORT OF ABERRATION WHERE THE JOBLESSNESS RATE FOR EVERY OTHER ETHNIC GROUP HAS GONE DOWN WITH THE EXCEPTION OF AFRICAN AMERICANS? SO I WAS SURPRISED TO SEE IT, BECAUSE THIS IS OTHERWISE A HOT JOBS REPORT WITH docHub JOB CREATION, 300,000 PLUS. 276,000 JOBS AVERAGE PER MONTH

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State unemployment rates, by race/ethnicity and overall, 2023 Q4 StateAllBlack California 4.9% 7.1% Colorado 3.3% 5.4%* Connecticut 3.6% 5.7%* Delaware 4.2% 5.2%48 more rows
Persons who are neither employed nor unemployed are not in the labor force. This category includes retired persons, students, those taking care of children or other family members, and others who are neither working nor seeking work.
Labor force participation RacePercent White 61.5 Black or African American 60.9 Asian 63.8 American Indian and Alaska Native 60.55 more rows
Among the largest race and ethnicity groups, adult Black men and women (age 20 and older) had jobless rates of 9.5 percent and 8.2 percent, respectively. The unemployment rate for adult Hispanic men was 5.7 percent, and the rate for adult Hispanic women was 6.5 percent.
By race, Whites made up the majority of the labor force (77 percent). Blacks and Asians constituted an additional 13 percent and 6 percent, respectively. American Indians and Alaska Natives made up 1 percent of the labor force, while Native Hawaiians and Other Pacific Islanders accounted for less than half a percent.
State unemployment rates, by race/ethnicity and overall, 2020Q3 StateAllBlack Alaska 8.7% NA Arizona 7.8% NA Arkansas 7.3% 11.5% California 11.9% 14.7%48 more rows
In July 2020, CBO projected the rate would average about 14 percent in the second and third quarters of 2020 and still be 7.6 percent in the fourth quarter of 2021. The actual unemployment rate averaged 13 percent in the second quarter of 2020 and then fell sharply, averaging 4.2 percent in the fourth quarter of 2021.
State unemployment rates, by race/ethnicity and overall, 2020Q3 StateAllBlack California 11.9% 14.7% Colorado 6.8% NA Connecticut 8.7% NA Delaware 9.2% 11.2%48 more rows

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