Economic Development

Economy Adds 209,000 Jobs In July, Black Unemployment Remains In Double Digits

WASHINGTON (AP) – The overall unemployment rate ticked up to 6.2 percent in July from 6.1 percent. The unemployment rate for African-Americans remains in double digit figures, rising to 11.4 percent.

During the six straight months that have topped 200,000 job gains, more people have looked for work. In July, an additional 329,000 began looking, yet only 131,000 jobs were added, according to the Labor Department’s survey of households.

The results of this survey determine the unemployment rate. With more people looking for work, the unemployment rate rose because the government counts people without jobs as unemployed only if they’re actively seeking work.

To read this article in its entirety visit NewsOne.com 

The MinorityEye is a news aggregator that shares digital content from websites and other online resources that focus on minority culture, people and issues relevant to people of color. TME curates the voices, thoughts and perspectives of minority writers, bloggers, authors, reporters, columnists, pundits, consultants and thought leaders as well as those who write about minorities and issues that impact communities of color.

Show More

Michael Bailey

Michael Bailey is the Chief Curator of Information at The MinorityEye a nationally recognized news blog that focuses on news, events and issues relevant minority communities. He is also an Integrated Marketing Communication Specialist at TME Media Group. His firm provides consulting and training services to non-traditional entrepreneurs as well as corporate, state and local agencies on how to develop integrated marketing strategies that connect with minority consumers.

Related Articles

Close