Monday, October 22, 2012

Recent Job Gains in African American Community Led By Black Women, Report Says

Black women job gains in Sept. 2012

Recent Job Gains in African American Community Led By Black Women, Report Says

Take a look at news we found about growing job gains for African Americans below:

One report says black women are 'doing it for themselves' when it comes to geting back into the workforce during our struggling job market. We can report to that black women are leading the way in the new jobs created in the black community.

Read report below:
The economy added 114,000 jobs last month, on top of an upward revision of 86,000 jobs to July and August. The private sector has added jobs for 31 consecutive months, and after coming into office in the depths of the Great Recession, President Barack Obama has created more than a million jobs over his first term. For the first time since he took office, the unemployment rate is below 8 percent, hitting 7.8 percent in September.
Meanwhile, the share of African Americans with a job edged up from 52.7 percent to 53.0 percent and the unemployment rate fell to 13.4 percent, after hovering just above 14 percent for the past three months. Among adults ages 20 and over, all of the gains for African Americans were among women. Although the share of black adult women overall employed rose from 55.1 percent to 55.3 percent, the share of black adult men employed fell from 57.7 percent to 57.5 percent. Both adult men and women, however, have seen their employment rate rise over the past year 0.5 percentage points.
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Last month’s decline in the unemployment rate was driven by large reported employment gains, with 873,000 people indicating that they got a job in September. This is an exceptionally large one-month gain in reported employment, and therefore we should interpret it carefully. Higher employment is consistent with data from the establishment survey, however, and while the pace of reported employment in the household survey will likely be slower in the months to come, it is clear that employment is rising.
Both men and women reported increased employment, with 67.5 percent of adult men (ages 20 and over) reporting having a job in September — up from 67.0 percent a year ago — and 55.1 percent of adult women reporting having a job — up from 55.0 percent a year ago. Employment grew most for workers with some college or more, while falling for workers with only a high school diploma.
Though the percentages don't seem very high or appear to make a big difference, we assume the amount of people getting new jobs is a good thing. Its obvious we are still a long way from making some huge strides for both male and female job seekers. Read more HERE
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