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April 2025 PPI Report: Questionable Decline in Producer Prices Offers Limited Relief to Black and Minority-Owned Businesses

The Producer Price Index (PPI) for final demand fell 0.5% in April 2025 , the sharpest monthly drop since April 2020. This decline, driven entirely by a 0.7% fall in final demand services , follows no change in March and a 0.2% increase in February. Over the past 12 months, however, producer prices still rose 2.4% , signaling continued inflationary pressure beneath the surface. Sectoral Impacts on Black and Minority-Owned Firms 1. Service Sectors – Reported Declines May Not Translate to Relief The reported drop in services prices largely reflects compression in trade margins , not reductions in actual operating costs for small business owners. Impact: Minority-owned retail, healthcare, and professional service firms—many of which operate on thin margins—are unlikely to feel meaningful relief. 2. Goods Prices – Flat, Not Falling Final demand goods prices were unchanged , meaning material and inventory costs remain elevated. Impact: Black and minority-owned businesses...
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April 2025 CPI Report: Impact on Black and Minority-Owned Business

The U.S. Bureau of Labor Statistics reported a 0.2% monthly increase in the Consumer Price Index (CPI) for April 2025, bringing the annual inflation rate down to 2.3%—the lowest in over four years. Core inflation (excluding food and energy) remained steady at 2.8%. While these headline figures suggest that inflation is easing, many Black and minority-owned businesses continue to experience cost pressures across critical sectors such as food, transportation, and housing. Important Note: Ethics Adjusted CPI Given the documented pattern of dishonest and unethical behavior by the current administration, we express serious concern that the CPI data may have been deliberately manipulated downward for political or market-calming purposes. This suspicion is heightened by other economic discrepancies—such as the reported 225,000 job increase in March despite a simultaneous 40,000 rise in Black unemployment—which undermine the credibility of official statistics. Sector-Specific Impacts on Minori...

Likely Causes Behind Black Women’s Unemployment Spike

  Analysis of Black Employment and Unemployment – April 2025 Summary & Overview The April 2025 data reveals a troubling trend for the Black labor force, particularly Black women, who saw a sharp increase in unemployment. Overall, while the Black civilian labor force size remained relatively stable, the number of employed individuals declined by 36,000, and the number of unemployed rose by 29,000. The Black unemployment rate ticked up to 6.3%, continuing a persistent rise from earlier in the year.  Key Findings 1. Black Women, 20 Years and Over Unemployment increased by 106,000 the largest rise of any subgroup Unemployment rate surged from 5.1% to 6.1%, a full 1 percentage point increase, outpacing men and youth. Employment dropped by 38,000, despite an increase in labor force participation (+68,000). This suggests that new entrants to the labor force are not finding jobs, exacerbating joblessness for Black women. 2. Black Men, 20 Years and Over Employment increased (+48,00...

A Deteriorating Labor Market for Blacks: Changes in Black Employment - April 2025

The April 2025 employment data for Black or African American workers reveals a deteriorating labor market for Blacks. The data highlights several key developments: 1. Labor Force Participation The civilian labor force declined by 7,000 people, from 22.196 million in March to 22.189 million in April 2025. The participation rate dipped marginally from 62.2% to 62.1%, continuing a soft downward trend since February. Implication: A declining labor force and participation rate indicate that fewer Black workers are either employed or actively looking for work, suggesting disengagement from the labor market—possibly due to discouragement or systemic barriers. 2. Employment Levels The number of employed Black individuals dropped by 36,000—from 20.826 million to 20.790 million. The employment-population ratio also declined from 58.4% to 58.2%, showing that a smaller share of the Black working-age population is currently employed. Implication: This is a clear sign of weakening employment opportu...

Credit Ratings and Global Bias: A Structural Inequity in Financial Perception

  Credit rating agencies—Fitch, Moody’s, and Standard & Poor’s—are among the most powerful institutions in global finance. Their evaluations affect everything from borrowing costs and investor confidence to the fate of national economies. However, a stark contrast in how these agencies rate African nations versus Western powers, particularly the United States, reveals troubling evidence of systemic bias embedded in the international credit rating regime. The Disparity: African Ratings vs. U.S. Ratings Ghana, Kenya, and Nigeria have received some of the lowest ratings on the credit spectrum. As of 2025: Ghana is rated RD (Restricted Default) by Fitch, SD (Selective Default) by S&P, and Ca by Moody’s. Kenya holds a B or B3 rating—deep in speculative territory. Nigeria hovers just above default at B- or Caa1. Meanwhile, the United States still retains ratings like AA+ (Fitch and S&P) and Aaa (Moody’s), placing it in the safest investment category. This remains the case des...

Economic Analysis of First Quarter 2025 GDP Decline and Its Impact on Black-Owned and Minority Businesses

According to the U.S. Bureau of Economic Analysis (BEA), real gross domestic product (GDP) decreased at an annual rate of 0.3% in Q1 2025, marking the first economic contraction since early 2022. This downturn contrasts with the 2.4% growth observed in the previous quarter. The decline is primarily attributed to a surge in imports—particularly consumer and capital goods—as businesses accelerated purchases ahead of newly imposed tariffs, alongside a decrease in government spending.  Despite the overall GDP decline, real final sales to private domestic purchasers increased by 3.0%, indicating continued strength in consumer spending and private investment. However, the broader economic environment is characterized by rising inflation, with the personal consumption expenditures (PCE) price index increasing by 3.6% in Q1, up from 2.4% in the previous quarter.  Impact on Black-Owned and Minority-Owned Businesses The economic contraction and associated policy changes have significant...

Pope Francis and the Environment. June 19, 2015.

  In a   well researched and tightly reasoned statement,  the first Encyclical of his Papacy, Pope Francis made climate change a moral issue. This critically important document comes at just the right time: it is sure to reignite debate on what should be a non-debatable issue.  https://www.linkedin.com/pulse/pope-francis-environment-william-michael-cunningham-am-mba/