Black Unemployment Rate Lowest Since 2009

black job search unemployed crop

WASHINGTON – The unemployment rate for Blacks fell from 13.7 percent in June to 12.6 percent in July, the lowest jobless rate for Blacks since January 2009, according to the latest jobs report from the Labor Department. Although economists warn against being too optimistic about one month’s jobs numbers, some economists found it unusual for […]

Can Black-Owned Franchises Help Narrow the Wealth Gap?


LOS ANGELES – Growing up, all Ronald Smothers ever wanted was to own his own business. In the mid-’70s, armed with a degree from UCLA, he chose a career in franchise restaurants, opening a Burger King in Los Angeles’ Crenshaw neighborhood. He saw that times were changing and believed fast food was one way to […]

SIMEON GANT – Rethinking The Burgeoning Green Economy


OPINION – When I began my research developing the Green Tech education program the term green jobs was an anomaly. The obvious question is, ‘What’s the difference between a regular job and a green job?’ Since its inception in 2009, Green Tech set out to define and spread the word of what a green job […]

CHARLINE CROWELL: America’s Crisis: 38 Million have no Retirement Assets

Charlene Crowell - NNPA Columnist

  OPINION – As more Baby Boomers continue to retire, a new research report has found that the nation is facing a trillion dollar retirement savings crisis. According to the National Institute on Retirement Security (NIRS), 38 million Americans – 45 percent of working-age households – have no retirement account assets. Among all working households, […]

Student Loan Rates Double Without Congress’ Action

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WASHINGTON — College students’ interest rates are at the mercy of Congress. The interest rates on subsidized Stafford loans doubled from 3.4 percent Monday and could stay doubled unless Congress fulfills its pledge to restore lower rates when it returns from the Fourth of July holiday. Lawmakers from both parties, as well as the White […]

ROBERT WOODS: How To Determine Your Spending Personality


OPINION – Budgeting and finance are two of the most important factors in measuring the quality of life in America. If your financial situation is in turmoil, so is your happiness. As the old saying goes: “When money gets short, so does understanding.” Generally speaking, in the African American community, we do not focus on […]

AZIZZA GOINES: The Dream of Township 9


OPINION – On Wednesday January 16, 2013, I was invited and honored to witness the groundbreaking ceremony of Cannery Place at Township 9 here in Sacramento. Just in case you’re unaware of this project, it is an urban infill project spearheaded by Nehemiah Corporation and is located off of Richards Boulevard and 7th Street. I […]

5% of Consumers Had Errors on Their Credit Reports


WASHINGTON – A Federal Trade Commission study of the U.S. credit reporting industry found that five percent of consumers had errors on one of their three major credit reports that could lead to them paying more for products such as auto loans and insurance. Overall, the congressionally mandated study on credit report accuracy found that […]

New App Helps Locate Black-Owned Businesses

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WASHINGTON – Hundreds of Black-owned businesses have a new way for consumers to find and shop with them. There is an app for that. The Around the Way app, the brainchild of a marketing and technology firm in Washington, D.C., allows the customer access to companies that are at least 51% African-American owned and employed. […]

Whites Six Times Wealthier than Blacks

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WASHINGTON – Whites had an average wealth of $632,000 in 2010 while Blacks had about $98,000 and Hispanics had $110,000, according to a recent study by the Urban Institute. “Such great wealth disparities help explain why many middle-income blacks and Hispanics haven’t seen much improvement in their relative economic status and, in fact, are at […]