Black Money Business Jobs : Black unemployment is at a record low. But there's a lot more to the story

Clyde C Coger Jr

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:facepalm: At best, Obama, not Trump is credited for the windfall. Trump has only reversed most of Obama's accomplishments as president.

Black unemployment is at a record low But there's a lot more to the story
by Lydia DePillis @CNNMoney

... Still, at 6.8%, black unemployment remains well above the rate for white people, at 3.7%, that disparity is deeply rooted and a continuing cause of concern for economists and advocates. Take Columbia, Missouri, it has long had one of the lowest overall unemployment rates in the country; it's now down to 2.5%, but black unemployment is far higher.

http://money.cnn.com/2018/01/23/new...eed:+rss/money_latest+(CNNMoney:+Latest+News)

 
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:facepalm:

Hiring Discrimination Against Black Americans Hasn’t Declined in 25 Years
by

Lincoln Quillian
Devah Pager
Arnfinn H. Midtbøen
Ole Hexel


... However, in our recent study, published in the Proceedings of the National Academy of Sciences, we were able to analyze trends in discrimination by performing a meta-analysis from all available field experiments pertaining to one area: racial discrimination in hiring ...


https://hbr.org/2017/10/hiring-discrimination-against-black-americans-hasnt-declined-in-25-years
 
The employment rate can be lowered in two ways. One way is for more employment to occur through out the population. That is the implied effect they put out there about a lowered unemployment rate. What they do not tell the american people is that the other way is for people to cease seeking employment. See the labor market consists of the employed + unemployed. Those people they consider not seeking employment are considered out of the labor market, and therefor not counted in their unemployment calculations. Essentially, the unemployment rate is a false indicator of how well the economy is doing for many minority communities.
 
How much of this is Mc Jobs?




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