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Julianne Malveaux: Obama Must Fix Black Unemployment

Now that the election is over, President Obama will really need to work hard to deal with issues pertaining to the American people. Even though the unemployment rate is just below 8 percent (currently 7.9 percent), African-Americans are still feeling the heat, as black unemployment sits at 14.3 percent. Black male unemployment is at 14.1 percent. Black women have been hit even harder than black men as their unemployment rate has gone up by 1.5 percent to 12.4 percent.

For the last 41 weeks, over 5 million people have been unemployed in this country. Julianne Malveaux, an African-American economist, author, liberal socio-political commentator, and businesswoman who has closely followed unemployment trends in black America, has revealed some astonishing numbers.

According to Malveaux,

“The most discouraging data comes from hidden unemployment and other measures of unemployment. The 7.8 percent overall rate of unemployment is reported as 14.6 percent. Thus, the Black unemployment rate of 14.3 percent translates to an overall Black unemployment rate of 26.4 percent. That means more than one in four African Americans is unemployed. In some urban areas, as many as half of the African American male population does not work.”

The direction that Obama plans on taking the country, now that he will continue his presidency for another term, will need to focus on how we can employ Americans (especially Black Americans). Whether it is through labor or education initiatives, Obama will need to find a way to improve the unemployment rate for black women and create work opportunities for black men. The pressure is not only on President Obama now, Black Americans will also need to work hard to get jobs as unemployment has stuck the entire country.

President Obama received more support from African Americans than any other group, gaining more than 90% of the black vote in both elections.  Many experts say that without his African American base, the president would have surely lost the election to Mitt Romney.  In the second term, African American public figures such as Julianne Malveaux, Jesse Jackson and Dr. Boyce Watkins are calling on President Obama to make racial inequality an important issue during the second term.

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