With black male unemployment at an all time high, do you think the POTUS has worked for our best interest??
The Bureau of Labor Statistics has released its most recent unemployment data. We knew that Black folks (especially men) would be at the bottom, we just didn’t know how bad. Well, it turns out that the numbers exceed even the most pessimistic predictions.
Black unemployment shot up like a rocket during the month of August, rising from an abysmal 15.9 percent to an even more shocking 16.7 percent. Much of the increase was driven by Black male unemployment, which rose from 17 to 18 percent. Black female unemployment remained steady at 13.4 percent, and Black teen unemployment experienced a dramatic increase from 39.2 percent to an astounding 46.5 percent.
If you were white in America, the month of August was pretty good. White unemployment remained consistent across the board, and went down for white males. Overall white unemployment dropped from 8.1 percent to 8 percent. White males saw a decline from 7.9 to 7.7 percent. White women and teens saw their unemployment rates remain unchanged at 7 percent and 23 percent, respectively.
The Obama Administration has a serious problem. Every time the numbers show that chronic Black unemployment has reached crisis levels, I think back to the Obama Administration’s delusional assertion three years ago that a “rising tide will lift all boats” (that targeted economic policy would not work as well as a general policy that helps everyone – after all, he is “everyone’s president”). Well, I’m here to report to the Obama Administration: The tide not only missed our boat, but Black folks are sinking to the bottom of the economic ocean.
One of the most telling signs of racial inequality in America is the fact that African Americans are not only subjected to the very worst economic circumstances in the country, but we are also not allowed to be upset about it. Middle class Tea Partiers can gather in Washington to complain about health care, wealthy white folks can get upset about a tiny spike in taxes, and white Americans can remain justifiably outraged over a measly eight percent rate of unemployment. But when African Americans say a word about widespread and virtually unprecedented economic suffering in the presence of a Black president, we are referred to as Uncle Toms or told that we are demanding too much
With the country in a downward spiral economically each segment of society needs to be propped up, some more than others.
What do you think of President Obama’s work in the Black community thus far?
More Stories From Bossip
RHOA Fans Blast Kandi Burruss’ Bogus Baby Daddy...
Who Looked More Bangin At The American Music Awards?...
Evil Miss Piggy Memes Are Hilarious
Bow Wow Gets Roasted...Again
Here’s What Happened When Kanye Fired Shots At Beyonce...
Ooouuu: Nicki Minaj Responds To Rumors She’s Leaving...
Life Comes At You Fast: Black TV Stars Who Look Nothing Like...
Is Rihanna’s Version Of The #UNameItChallenge...