Happy Monday! In this new-week new-world edition we are highlighting two important topics: race and employment.
Last Friday unemployment numbers were released and Non-Farm payroll increased by 271,000 jobs in October. Overall unemployment dropped to 5%, which suggests that more companies are hiring. But there is a large gap in the unemployment stats between Whites and African Americans (see stats below):
Unemployment Numbers as of October 2015
Black Male 8.8%
Black Female 8.4%
White Female 3.9%
White Male 3.8%
Black Female & Male 23.6%
White Female & Male 13.6%
Why does this matter?
Unemployment is one of the top indicators for the health of the American economy. Generally speaking, for any country to perform well economically a large number of the country’s population has to be employed by companies that are presenting employment growth opportunities. So with that being said, last week's government report is partially good news. However, as you can see from the unemployment stats above there is still a large employment disparity in the states.
What does this mean for America?
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