By Dr. Julianne Malveaux – The June Employment Situation report, released on July 2, showed a continued decline in the unemployment rate. Thanks to coronavirus, the rate shot up to 14.7 percent in April and declined to 11.1 percent in June. About 4.8 million more people were on payrolls in June than in May. Just […]
Unemployment Dropping for Everyone but Black Folks
By Julianne Malveaux – The first Friday of every month is the time when we learn what is happening with the prior month’s employment. Many are excited that in a two month period the unemployment rate dropped from 9.8 percent in November to 9.0 percent in January. Good news? Not really. Only 36,000 new jobs […]