Black Unemployment Rate 14.4% in June; Increase from 13.6% in May 2012
(UC Berkeley Labor Center) The unemployment rate for Blacks was 14.4 percent last month. This is according to the latest report on the nation’s employment situation released Friday morning by the Bureau of Labor Statistics in its monthly Employment Situation report.
This rate was an increase from May, when unemployment in the Black community stood at 13.6 percent.
For the nation as a whole, unemployment was 8.2 percent in the month of June; this was unchanged from May when the national unemployment rate stood at 8.2 percent. Among whites, unemployment was 7.4 percent; among Latinos, unemployment was 11.0 percent. Comparable May 2012 figures were 7.4 percent and 11.0 percent respectively. Overall, total non-farm payroll employment increased by 80,000 jobs from last month.
Source: UC Berkeley Labor Center, Dr. Steven Pitts
[...] for Black households. Then, and now, Black households and communities are reeling from double-digit unemployment, high foreclosure rates, and a median wealth gap, which in 2010 was was $4,955, compared to [...]