The entitlement dilemma........................... View attachment 29759 While unemployment nationwide is 6.1%, the unemployment rate for black Americans at 11.4% is more than double the rate for white Americans, who have an unemployment rate of 5.3%, according to the Bureau of Labor Statistics (BLS). The unemployment rate for Latino Americans, at 7.5%, is also lower than the unemployment rate for blacks, the BLS data show. For black Americans, age 16 and older, seasonally adjusted, the unemployment rate between July and August stayed the same at 11.4%, and that is up from the 10.7% rate in June. The last time the black unemployment rate was 11.4% was more than 5 years ago, in October 2008. (It was at a low 7.6% in August 2007.) http://cnsnews.com/news/article/michael-w-chapman/white-unemployment-53-black-unemployment-114
"Like the monster at the end of a horror movie, the lame, sluggish recovery that we thought was dead just crawled out of the grave to give us another scare. The job market was lousy again in August after several months of decent growth. Employers added just 142,000 jobs to non-farm payrolls, the Bureau of Labor Statistics reported on Friday, the worst month for job growth this year. It fell short of the 223,000 economists expected, according to a Briefing.com tally. It was also well below the recent pace of job growth, which had averaged more than 200,000 jobs per month so far this year. The unemployment rate dipped to 6.1 percent from 6.2 percent in July, matching the lowest rate in nearly six years. But that was mainly due to the fact that 64,000 people gave up looking for work, taking themselves out of the ranks of the officially unemployed. "These numbers should give us pause," Elise Gould, an economist at the Economic Policy Institute, a think tank focused on labor issues, wrote in a blog post. Given other signs of strength in the economy, many economists rushed to dismiss the numbers. New claims for unemployment benefits have been low, and hiring surveys have painted rosier pictures of the job market. "I don't believe it, I don't believe this data," Mark Zandi, chief economist at Moody's Analytics, told CNBC. "It's not consistent with anything." "
