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?