Friday, September 5, 2014
Obama's presidency is not too good for black workers
While unemployment nationwide is 6.1%, the unemployment rate for black Americans at 11.4% is more than double the rate for white Americans, who have an unemployment rate of 5.3%, according to the Bureau of Labor Statistics (BLS). The unemployment rate for Latino Americans, at 7.5%, is also lower than the unemployment rate for blacks. For black Americans, age 16 and older, seasonally adjusted, the unemployment rate between July and August 2014 stayed the same at 11.4%, and that is up from the 10.7% rate in June. The last time the black unemployment rate was 11.4% was more than 5 years ago, in October 2008. It was at a low 7.6% in August 2007.