Black Unemployment Rate at 9.2%

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By Douglas A. McIntyre Published
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The national unemployment rate for September was 5.1%, the same as the previous month, although the economy only added 142,000 jobs. The American black community suffered more than most with a rate of 9.2%.

The Bureau of Labor Statistics offered a summary:

Among the major worker groups, the unemployment rates for adult men (4.7 percent), adult women (4.6 percent), teenagers (16.3 percent), whites (4.4 percent), blacks (9.2 percent), Asians (3.6 percent), and Hispanics (6.4 percent) showed little or no change in September.

So, the black unemployment rate nearly doubled the white one. And the black community has not seen an improvement. The rate was 9.5% in August, it was 9.1% in July and 9.5% in June.

There are various explanations for the black unemployment problem. They range from poverty to incarceration rates and low education attainment. In many places, black Americans still live in areas segregated from whites. That means they do not have the same access to services that might favor white Americans. Whether all these theories are true, or just some of them, they stand as a reasonable set of circumstances for keeping black unemployment high.

While poverty rates for blacks have improved, they have done so less than for whites. So, the overall circumstances of problems for black Americans is self-fulfilling.

As an upcoming 24/7 Wall St. analysis of segregated cities points out about Chicago:

Slightly more than 7% of white area residents lived in poverty, while the poverty rate for the city’ black population was nearly 30%. Similarly, while 43.7% of white adults had at least a college degree, 21.8% of black adult Chicagoans were college educated. In addition to socioeconomic racial disparities, black area residents had far higher mortality rates compared to white residents. The Chicago metro area black population leads the nation with a mortality rate of 1,550 per 100,000 people, versus the rate for whites of 712 per 100,000 people.

While many of the problems are worse than elsewhere in the country, the analysis does capture some of the problem.

ALSO READ: Cities With the Fastest Growing (and Shrinking) Economies

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About the Author Douglas A. McIntyre →

Douglas A. McIntyre is the co-founder, chief executive officer and editor in chief of 24/7 Wall St. and 24/7 Tempo. He has held these jobs since 2006.

McIntyre has written thousands of articles for 24/7 Wall St. He is an expert on corporate finance, the automotive industry, media companies and international finance. He has edited articles on national demographics, sports, personal income and travel.

His work has been quoted or mentioned in The New York Times, The Wall Street Journal, Los Angeles Times, The Washington Post, NBC News, Time, The New Yorker, HuffPost USA Today, Business Insider, Yahoo, AOL, MarketWatch, The Atlantic, Bloomberg, New York Post, Chicago Tribune, Forbes, The Guardian and many other major publications. McIntyre has been a guest on CNBC, the BBC and television and radio stations across the country.

A magna cum laude graduate of Harvard College, McIntyre also was president of The Harvard Advocate. Founded in 1866, the Advocate is the oldest college publication in the United States.

TheStreet.com, Comps.com and Edgar Online are some of the public companies for which McIntyre served on the board of directors. He was a Vicinity Corporation board member when the company was sold to Microsoft in 2002. He served on the audit committees of some of these companies.

McIntyre has been the CEO of FutureSource, a provider of trading terminals and news to commodities and futures traders. He was president of Switchboard, the online phone directory company. He served as chairman and CEO of On2 Technologies, the video compression company that provided video compression software for Adobe’s Flash. Google bought On2 in 2009.

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