Sunday, August 8, 2010

Black Employment Relapses Year-Over-Year

New Black Dummies

Black Employment Plummets on Obama's Watch

By: Larry Walker, Jr.

The question of the day: Will Black or African Americans continue to support policies that don't represent them?

According to the latest from the Bureau of Labor Statistics (BLS), employment has continued to decline among Black or African Americans over the last twelve months. After 17 months of the Obama administration's massive recovery program, we find that African Americans have benefited the least. If Black Americans are losing under the leadership of President Barack Obama, who's winning?

The latest Employment Status Report reveals the following:

  • There were 154,000 fewer blacks working in July than there were a year ago.

  • The number of blacks added to the unemployment rolls rose by 155,000 over the past year.

  • The unemployment rate among black Americans has increased by nearly 1.0%, since July of 2009.

  • Worst of all, an additional 466,000 blacks entirely abandoned the labor force over the past 12 months. Those classified as 'no longer in the labor force' are no longer counted in the official unemployment rate. These are the forsaken, the forgotten, the hopeless, the lost ones.

Here's the latest table derived from the Bureau of Labor Statistics:


click to enlarge

Using his own laughable analogy, Obama refuses to put the car in [R], yet neither will he shift it into [D]. Instead, Obama has chosen to keep our economy in [P]. The folly of the [p]rogressive party president lies in that he has villainized corporations, small business owners, and the wealthy - those who actually provide and create jobs. It looks like it's up to us to finally throw the car into gear. The best way to do this is to shift the balance of power in the November mid-terms.

"Change you can believe in?" - Nah!

And so you know I'm not just making this up, here's a snapshot of the BLS report:


click to enlarge

Sources:

Bureau of Labor Statistics: Employment Situation 8/6/2010

Bureau of Labor Statistics: Historical Data

Related:

Successful Losing: Obama on Jobs

Obama on Jobs: Fool Me Thrice

Obama on Jobs: Worst Track Record in History

Recovery (dot) Fail: Not Jobs


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