Business

Blacks Rejoining the Labor Market

By Freddie Allen NNPA Senior Washington Correspondent WASHINGTON (NNPA) – The Black unemployment rate rose to 11.1 percent in November, according to the latest jobs report from Labor Department, because of increasing optimism in the economy. The Black unemployment rate rose from 10.9 percent in Read More

National

Black Unemployment Rate Falls to 11.9 Percent

by Freddie Allen NNPA Washington Correspondent WASHINGTON (NNPA) – The unemployment rate for Blacks dipped to 11.9 percent in December, according to the Labor Department, largely because likely workers, discouraged after months of searching for jobs with little prospects, have simply stopped looking. According to Read More

Business

US Employers Add 148K Jobs; Rate Falls to 7.2 Pct.

by CHRISTOPHER S. RUGABER, AP Economics Writer WASHINGTON (AP) — The U.S. economy added just 148,000 jobs in September, suggesting that employers held back on hiring before a 16-day partial government shutdown began Oct. 1. Still, hiring last month was enough to lower the unemployment Read More

Business

Chevy Chase Bank to Pay Minority Borrowers $2.85 Million

by Freddie Allen NNPA Washington Correspondent WASHINGTON (NNPA) – Chevy Chase Bank agreed to pay $2.85 million to Black and Latino borrowers, following allegations of discriminatory home lending practices. The Maryland-based bank joins Wells Fargo and Bank of America as banking institutions that paid out Read More

National

Jobless Claims Hint at Strengthening Labor Market

(Reuters) – The number of Americans filing new claims for jobless aid fell last week to its lowest level in nearly 5-1/2 years, signaling labor market resilience in the face of fiscal austerity. The job market buoyancy, flagged last week by a relatively strong April Read More

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National

Black Unemployment Drops Faster than for Whites

by Freddie Allen NNPA Washington Correspondent WASHINGTON (NNPA) – The Black unemployment rate fell to 13.2 percent in November, down from 14.3 percent the previous month. The decrease of 1.1 percent was a sharper drop than for Whites (6.8 percent, from 7 percent in October) Read More