Business

Black Unemployment Dips to 10.3 Percent

Published

10 years ago

February 10, 2015

Oakland Post

Economist Valerie R. Wilson believes Black unemployment can fall to single digits.

By Freddie Allen
NNPA Senior Washington Correspondent

WASHINGTON (NNPA) – The Black unemployment rate fell slightly from 10.4 percent in December to 10.3 percent in January and is still on track to hit single digits by the middle of the year.

Last month, Valerie Wilson, the director of the Program on Race, Ethnicity, and the Economy for the Economic Policy Institute (EPI), a nonpartisan think tank focused on low- and middle-income workers, made the prediction that the Black jobless rate would fall below 10 percent, adding that the economy is recovering gradually and lawmakers shouldn’t do anything that would stall that progress.

Wilson warned that more spending cuts or raising interest rates could slow down the economy.

“If there are no signs of inflationary pressures, I don’t see the rush to do it,” said Wilson.

Economists attributed the slight uptick in the national unemployment rate, from 5.6 percent in December to 5.7 percent in January, to workers feeling more confident about their job prospects and rejoining the labor force.

With revisions to the number of jobs added in November and December, the Labor Department reported that more than 1 million jobs were added to the United States economy over the past three months, the best 3-month average since 1997.

Following the national trend, the White unemployment rate rose from 4.8 percent in December to 4.9 percent in January and the labor force participation rate, the share of workers who are employed or currently looking for jobs, also increased from 59.8 percent to 60.1 percent.

Even though, the Black labor force participation rate fell from 61.3 in December to 61 percent in January, it still remains higher than it was in January 2014. The participation rate for Black men over 20 years-old also decreased in January, but was one percentage point higher last month than it was this time last year.

Black women and White men and women over 20 years-old had higher participation rates in January 2015, compared to December 2014, but among the adult worker groups, only Black men had a higher labor force participation rate in January 2015 compared to January 2014.

The unemployment rate for Black men over 20 years old decreased from 11 percent in December to 10.6 percent in January, and the jobless rate for White men over 20 years old also increased from 4.4 percent to 4.5 percent in January.

The jobless rate for Black women rose from 8.2 percent in December to 8.7 percent in January and for the second month in a row, the jobless rate for White women was 4.4 percent.

In a statement on January’s jobs report Chad Stone, Chief Economist for the Center on Budget and Policy Priorities, a research and analysis group that works on federal and state fiscal policy, said that as the labor market continues to improve “significant slack” still lingers.

“Ongoing labor market slack is particularly hard on the long-term unemployed, whose skills tend to erode while they remain jobless and who often seem stigmatized for being out of work so long when they apply for a job,” said Stone. “It’s unfortunate that federal UI [unemployment insurance] benefits for the long-term unemployed expired at the end of 2013; it’s even more unfortunate that in recent years, several states have made it harder for people who lose their job through no fault of their own to qualify for any UI.”

Blacks disproportionately suffer from long-term unemployment and in an effort to address this crisis, Stone said that President Barack Obama has acknowledged these problems by including “a set of major UI proposals in his new budget request that would both shore up UI financing for the long term and reform the federal Extended Benefits program to make additional weeks of UI available automatically in states with high or rapidly rising unemployment rates.”

During a speech in Indianapolis, Ind., President Obama celebrated the latest jobs numbers and touted his middle-class economic philosophy crafted to help more working families afford higher education, get paid sick leave at work and save for retirement. Obama said “while we’ve come a long way, we’ve got more work to do to make sure that our recovery reaches more Americans, not just those at the top.”

Repeating a familiar theme, he said, “That’s what middle-class economics is all about – the idea that this country does best when everyone gets their fair shot, does their fair share, and everyone plays by the same set of rules.”

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Oakland Post: Week of December 18 – 24, 2024

The printed Weekly Edition of the Oakland Post: Week of December 18 – 24, 2024

Published

2 days ago

December 20, 2024

Oakland Post

To enlarge your view of this issue, use the slider, magnifying glass icon or full page icon in the lower right corner of the browser window.

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BWOPA Honors Black Leadership and Legacy at 2024 Ella Hill Hutch Awards Dinner

On Dec. 5, BWOPA held its Annual Ella Hill Hutch Awards Ceremony, at the Fairmont Claremont Hotel in the Oakland/Berkeley Hills. At the event, the group comprised of Black women from various professional backgrounds, honored distinguished local and state leaders whose contributions have shaped civic engagement and advanced critical social issues impacting Black communities.

Published

4 days ago

December 18, 2024

Oakland Post

L-R: BWOPA State Executive Director LaNiece Jones; State Asm. Mia Bonta; BWOPA 2024 Man of The Year/Urban League SFBA CEO Ken Maxey; BWOPA State President Hon. Dezie Woods-Jones; State Senator Lola Smallwood-Cuevas; Rowena Brown, Oakland Councilmember At-Large, Elect; BWOPA State Regional Director Vashone Huff. Courtesy photo.

By Oakland Post Staff

Black Women Organized for Political Action (BWOPA) is a statewide non-profit advocacy and membership organization committed to solving problems affecting Black Californians.

On Dec. 5, BWOPA held its Annual Ella Hill Hutch Awards Ceremony, at the Fairmont Claremont Hotel in the Oakland/Berkeley Hills.

At the event, the group comprised of Black women from various professional backgrounds, honored distinguished local and state leaders whose contributions have shaped civic engagement and advanced critical social issues impacting Black communities.

The evening was hosted by Dr. Shawna Charles, founder of The Charles Communications Group (CCG) headquartered in Los Angeles. Charles served as mistress of ceremonies.

With a track record of elevating voices and empowering communities, Charles’ leadership and insight brought a certain dynamism to the celebration.

“Each year, this event not only celebrates the enduring legacy of our beloved BWOPA founding member, Ella Hill Hutch, but also reaffirms and amplifies our unwavering commitment to building and sustaining Black political power across California,” said Dezie Woods-Jones, BWOPA founding member and State president.

“Ella Hill Hutch’s trailblazing leadership continues to inspire us as we forge ahead, empowering Black women to lead, advocate, and shape a more equitable future for all,” added Woods-Jones.

This year’s event introduced the DWJ Rising Star Award, honoring young leaders like Solano County Board Supervisors-elect Cassandra James, Danielle Motley-Lewis, Naomi Waters and newly elected State Assemblymember elect Rhodesia Ransom (D-Stockton).

According to organizers, the awardees all exemplify “the next generation of changemakers.”

Other awardees included:

Lifetime Achievement Awardees: Congresswoman Barbara Lee (D-CA-12) and Alameda County Supervisor Keith Carson
Man of the Year: Kenneth Maxey, CEO of the Greater SF Bay Area Urban League
President’s Corporate Award: Yvette Radford, Kaiser Permanente
In the Spirit of Ella State and Chapter Awards: Dr. Carolyn Greene, Dr. Marcella K. Smith, Dr. Carolyn Drake, Tinisch Hollins, Jackie Jones, Gloria Burgess Johnson, Tamika L’Ecluse, Ellen Nash, Betty Reid Soskin, and Ay’Anna Moody.

BWOPA also celebrated local champions across its chapters, including leaders in voter education, healthcare, criminal justice reform, and community advocacy.

In a statement, BWOPA said, “Honoring Ella Hill Hutch’s legacy, BWOPA recognizes her pioneering efforts as the first Black woman elected to the San Francisco Board of Supervisors. Her tireless work amplifying underrepresented voices continues to inspire BWOPA’s mission to build Black political power across California.”

“We extend our heartfelt thanks to our members, partners and allies who believe in BWOPA’s vision to invest in building power for Black women’s leadership,” said LaNiece Jones, BWOPA State executive director. “Your support ensures that Black women have a voice at decision-making tables locally, regionally, statewide, and nationally, advancing diversity and equity in leadership spaces.”

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Council of Islamic Relations Applauds Alameda County Decision to Divest $32M from Caterpillar

The divestment from Caterpillar, a company criticized for its human rights abuses globally—including the destruction of Palestinian homes, infrastructure, and agriculture, as well as in the U.S. prison-industrial complex, border militarization, and immigration detention centers—is a significant step in ensuring that Alameda County’s financial resources do not perpetuate harm.

Published

1 week ago

December 14, 2024

Oakland Post

CAIR-SFBA Policy Coordinator Musa Tariq. Courtesy photo.

Special to The Post

The San Francisco Bay Area office of the Council on American-Islamic Relations (CAIR-SFBA), the nation’s largest Muslim civil rights and advocacy organization, this week welcomed the Alameda County Board of Supervisors’ decision to divest $32 million in public funds from Caterpillar and unanimously commit to adopting an ethical investment policy.

The Board’s decision follows months of advocacy by Bay Area Divest!, a coalition of community organizations calling for accountability in public investments.

In November, CAIR welcomed the reported freeze on the delivery of bulldozers to Israel as an “implicit admission” by the Biden Administration that the far-right Netanyahu government is using that equipment in the ethnic cleansing of Gaza.

CAIR-SFBA Policy Coordinator Musa Tariq said:

“This is a historic moment for Alameda County, demonstrating the power of community advocacy and the County’s leadership in ethical governance. The decision to divest from Caterpillar sends a clear message that public funds should not support corporations complicit in human rights violations.”

In addition to divesting from Caterpillar, the Board voted to move forward with developing a comprehensive Ethical Investment Policy, recommended by District 5 Supervisor Keith Carson.

This policy will include criteria to exclude “investments in industries, corporations, or governments that perpetuate harm to communities and the planet,” such as fossil fuel extraction, weapons production, and entities involved in war crimes, apartheid, and other severe human rights violations.

Alameda County has a proud legacy of socially responsible investment. In 1985, the County divested from South Africa to protest apartheid, and in 1996, it barred investments in companies doing business with Burma due to human rights abuses.

“This forward-thinking policy positions Alameda County as a leader in socially responsible investing,” added Tariq. “By committing to craft the policy within 90 days and implement it within six months, the County has set an ambitious and commendable timeline.”

CAIR-SFBA is an office of CAIR, America’s largest Muslim civil liberties and advocacy organization. Its mission is to enhance the understanding of Islam, protect civil rights, promote justice, and empower American Muslims.