Black Unemployment at 7.7%

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By Douglas A. McIntyre Updated Published
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Black Unemployment at 7.7%

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The unemployment rate among black Americans remained well above the national average in August at 7.7%, compared to the 4.4% of the entire population.

The numbers for black Americans look even worse compared to other segments. The unemployment rate among white Americans was 3.9%. Among Asian Americans, the number was 4.0%. Among men over 20 years old, the rate is 3.5%. As a matter of fact, the 7.7% is higher than the unemployment rate in any state. The highest among states is Alaska at 7.0%.

The Bureau of Labor Statistics summary of unemployment by major race and age segments:

In August, the unemployment rate, at 4.4 percent, and the number of unemployed persons, at 7.1 million, were little changed. After declining earlier in the year, the unemployment rate has been either 4.3 or 4.4 percent since April.

Among the major worker groups, the unemployment rates for adult men (4.1 percent), adult women (4.0 percent), teenagers (13.6 percent), Whites (3.9 percent), Blacks (7.7 percent), Asians (4.0 percent), and Hispanics (5.2 percent) showed little or no change in August.

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24/7 Wall St.’s recent review of racial inequality in all 50 states pointed out that even decades after the Civil Rights Act of 1964 and the Voting Rights Act of 1965, vast inequalities remain between whites and blacks in the United States. According to our review:

Today, the typical white household’s income is nearly double the typical black household’s income. Black Americans are twice as likely to be unemployed and two and a half times more likely to live in poverty compared to white Americans. Just 1 in 5 African American adults have a college education, compared to 1 in 3 white adults.

Racial inequalities are far more pronounced in some parts of the country than in others. Check out the full article to see how each of the states ranked on several measures.

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Photo of Douglas A. McIntyre
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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