Black Unemployment Rate Rises to 16.3% in August 2010

The negative economic news continues to flow from Washington DC ... and it is hitting the Black community harder than anyone.  A new employment report released this morning by the Bureau of Labor Statistics shows us that the unemployment rate for African Americans rose from 15.6% in July 2010 to 16.3% in August 2010.

The mainstream media is painting this month's report in a negative light -- 54,000 jobs were lost last month.  The unemployment rate edged up slightly over the past month ... it's now 9.6%. There was some positive news with private employers hiring increasing by 67,000 jobs last month.  Since its most recent low in December 2009, private-sector employment has risen by 763,000.

What do these numbers mean to you?
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