In Detroit, where a large number of the city’s unemployed are either on probation or on parole, the city recently held an “Offenders Only” Job Fair in an effort to put its ex-convicts back to work. Organized by Detroit City Council President Charles Pugh, the job fair featured hundreds of job openings available only to […]
Robert Johnson, the founder and former CEO of BET and America’s first black billionaire, has proposed his own plan to reduce Black unemployment. Johnson is pushing America’s biggest companies to significantly increase their efforts in hiring a more diverse pool of qualified candidates. The planned dubbed “RLJ Rule,” calls on Fortune 1000 companies to consider […]
As Black unemployment rises across the nation reaching numbers that more than double the percentage of unemployed whites, there are several major cities where Black unemployment is rising the fastest. In Dallas, Detroit and even San Francisco economists say a combination of factors including a younger workforce and fewer numbers of college-educated candidates has placed […]
BET founder Robert L. Johnson suggests that an answer to Black unemployment would be a requirement for all corporations to consider a Black prospect for all head positions. Johnson’s suggestion was inspired by the NFL’s so-called “Rooney Rule,” a rule that requires teams to interview minority candidates for head coaching and senior operations positions. “The […]
With Black unemployment approaching 17 percent in the country — the highest in 27 years — the Congressional Black Caucus’ forum this week will surely focus on this issue. In a series of town hall meetings and discussions, several members will talk about the unemployment problem and how to attack it. The CBC conference comes […]
The Bureau of Labor Statistics has released its most recent unemployment data. We knew that Black folks (especially men) would be at the bottom, we just didn’t know how bad. Well, it turns out that the numbers exceed even the most pessimistic predictions. Black unemployment shot up like a rocket during the month of August, […]
Despite a slumping economy, states like North Dakota seem to be doing fairly well. With an unemployment rate slightly over 3 percent and the highest job growth in the nation, some say North Dakota and its neighboring states (Montana, South Dakota and Minnesota), are the best options for African-Americans looking to find work. But with unemployment as […]
The African-American jobless rate climbed from 15.9 to 16.7, which only strengthens the argument of Black lawmakers that there is a critical need to specifically address this problem. Their white counterparts who saw their unemployment rate decrease to 8.0% in August from 8.1% in July, African Americans saw their unemployment rate increase to 16.7% in […]
The Fiscal Policy Institute recently came out with a report detailing estimated percentages of the Black male unemployment crisis in different neighborhoods of New York City. Just last month, billionaires George Soros and Mayor Michael Bloomberg announced a plan to help assist minority men; and cut down on some of the factors that result in […]
In a recent BlackPlanet/NewsOne poll, 74 percent of African Americans polled approve of President Obama’s handling of the economy while 26 percent disapprove. The poll stands in sharp contrast to the Gallup Poll conducted on August 14th which found 74 percent of American disapprove of Obama’s handling of the economy, while only 26 percent of approve. […]
White House spokesman Jay Carney defended President Obama Tuesday against criticism from prominent Black leaders who have said Obama is ignorning the Black community while reaching out to white independents. According to Carney, the issue is not one of race. The president is helping Black people by working to boost the struggling economy and helping […]
Every successful financial plan needs to have clean credit and a high FICO score. If we are to see more home and business ownership having good credit is the first step towards accomplishing this goal. Too many times I have personally seen many opportunities missed because we have not taken the time to “clean” our […]
