What You Need to Know About the State of Urban Jobs!
Urban unemployment continues to plague our
communities and hamper our progress. Our
State of Urban Jobs
site at iamempowered.com gives you everything you
need to know about jobs including the monthly
employment report with job stats for Blacks, Whites
and Latinos, the facts about how investing in job
creation is the best strategy for reducing the
deficit, resume writing tips, job listings and the
National Urban League's response to the current
crisis.
Click here
to view and stay abreast of the latest developments
from the August 2010 Employment report.
Highlights of the August 2010 Employment Report:
The economy lost a net 54,000 jobs in August, as
large numbers of temporary Census jobs (-114,000)
continue to wind down. Private employment increased
by a modest 67,000. The labor market need to grow
by 150,000 - 175,000 jobs each month to hold the
unemployment rate constant.
The unemployment rate edged up slightly to 9.6% in
August as labor force participation remained
relatively stable. The black unemployment rate
increased to 16.3% (from 15.6%) as the participation
rate increased to 62.2% (from 61.5%). The
unemployment rate for black men increased slightly
(from 16.7% to 17.3%), as did the rate for black
women (from 12.9% to 13.2%). The unemployment rates
for whites (from 8.6% to 8.7%) and Latinos (from
12.1% to 12.0%) showed little change in August.
Rates of teen unemployment were 23.8% for whites
(from 23.5%), 45.4% for African-Americans (from
40.6%) and 33% for Latinos (from 35%). The rate of
underemployment (including the unemployed,
marginally attached and those working part-time for
economic reasons) also increased to 16.7% (from
16.5%).
The ranks of long-term unemployed (jobless for 27
weeks or more) continue to dwindle gradually - now
at 6.2 million (down from 6.6 million) or 42% of all
unemployed (from 44.9%). However, many of these
workers may be settling for part-time rather than
full-time jobs - the increase in the number of
people working part-time for economic reasons more
than offsets the decline in the number of long-term
unemployed.
Health care (+28,000), professional & business
services (+20,000), construction (+19,000), and
mining (+8,000) all displayed modest growth in
August as other sectors, including state government
(-14,000) and local education (-10,400) jobs were
lost.
The August 2010 Employment
report, along with other timely reports on
unemployment insurance,
how
job creation reduces the deficit
and
NUL's 6-point Job Creation Plan
are available at the new
State of Urban Jobs
page.