Jobs

Black Unemployment at 9.6%

Thinkstock

While the 2015 average national unemployment rate sat at 5.3%, the rate among African Americans was 9.6%, according to new data from the Bureau of Labor Statistics (BLS).

The rate varies considerable by state. According to the BLS:

The lowest unemployment rates for African Americans were in Hawaii (4.1 percent), Alaska (4.6 percent), Nebraska (5.3 percent), and Colorado (5.9 percent). The highest unemployment rates for African Americans were in Iowa (14.8 percent), Minnesota (14.1 percent), and Nevada (13.5 percent).

Also:

The gap between the overall U.S. unemployment rate and the rate for African Americans in 2015 was 4.3 percentage points. Within states, the gaps were largest in Iowa (11.2 percentage points), Minnesota (10.3 points), and Connecticut (7.6 points). In Alaska and New Mexico, unemployment rates for African Americans were lower than the overall rates.


For a much broader look at the situation of African Americans, read the 24/7 Wall St. Worst States for Black Americans, which points out that:

The states where disparities between racial groups are most pronounced are also the areas of the United States where addressing the issue will likely be most difficult. Nationwide, 10.8% of white Americans live in poverty, while the black poverty rate is 27.0%. In the majority of the 10 worst states for black Americans, the poverty rate among black residents exceeds the national black poverty rate. At the same time, in three of the 10 states, the poverty rate among white residents is actually lower than the corresponding national rate.

The 10 states are Ohio, Louisiana, Pennsylvania, New Jersey, Michigan, Florida, Virginia, Illinois, Minnesota and Wisconsin.

Credit Card Companies Are Doing Something Nuts

Credit card companies are at war. The biggest issuers are handing out free rewards and benefits to win the best customers.

It’s possible to find cards paying unlimited 1.5%, 2%, and even more today. That’s free money for qualified borrowers, and the type of thing that would be crazy to pass up. Those rewards can add up to thousands of dollars every year in free money, and include other benefits as well.

We’ve assembled some of the best credit cards for users today.  Don’t miss these offers because they won’t be this good forever.

 

Flywheel Publishing has partnered with CardRatings for our coverage of credit card products. Flywheel Publishing and CardRatings may receive a commission from card issuers.

Thank you for reading! Have some feedback for us?
Contact the 24/7 Wall St. editorial team.

AI Portfolio

Discover Our Top AI Stocks

Our expert who first called NVIDIA in 2009 is predicting 2025 will see a historic AI breakthrough.

You can follow him investing $500,000 of his own money on our top AI stocks for free.