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Good & Bad Money News: Black Unemployment Dips Overall, While Black Teen Joblessness Rises

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African American employment
From The Grio:

The Labor Department said Friday that the unemployment rate held at 9.6 percent last month. The jobless rate has now topped 9.5 percent for 14 straight months, the longest stretch since the 1930s.

The private sector added 64,000 jobs, the weakest showing since June.

The African-American unemployment rate dipped slightly from 16.3 to 16.1 percent, with black female unemployment moving from 13.2 to 12.6 percent. However, it rose for men age 20 and over and black teen unemployment jumped 4 points to nearly 50 percent.


Local governments cut 76,000 jobs last month, most of them in education. That's the largest cut by local governments in 28 years. And, 77,000 temporary census jobs ended in September.

Nearly 14.8 million people were unemployed last month. That's almost 100,000 fewer than in August.

The report is the final one before the November elections, which means members of Congress will face voters next month with a jobless rate near double digits.

Read the rest on TheGrio.com.

BV -- TALK BACK!
-Will the rate of black teen joblessness affect your choices for the coming elections?

-What should the government do to address this issue, and the issue of black male unemployment?

Leave your comments below!

 

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