Skip to main content

Black Unemployment Rises: Government Layoffs Amplify Economic Vulnerability

The March, 2025 uptick in Black unemployment raises significant concerns, particularly in light of substantial job cuts within the government sector. Our analysis shows two things: 1. Research suggests these layoffs have disproportionately affected Black workers, exacerbating existing economic disparities. 2. In light of the decline in Black unemployment, the report of an additional 225,000 jobs being added is suspect.

In March 2025, the unemployment rate for Black workers increased to 6.2%, up from 6.0% in February. This results in an increase of approximately 44,392 individuals from February to March 2025. The rise aligns with projections made last month by Creative Investment Research, which anticipated that Black Americans would lose approximately 78,000 jobs between January and February, primarily due to reductions in government employment. https://www.blackenterprise.com/report-black-folks-could-make-up-almost-80k-of-employees-out-of-work-after-february-job-cuts-primarily-in-government-sector/ 

The federal government's layoffs have had a pronounced impact on Black employees, who have historically found stable, middle-class careers in public sector roles. For instance, the United States Postal Service (USPS), where Black workers constitute 29% of the workforce, faces potential privatization efforts that could further jeopardize these positions.
These developments underscore the vulnerability of Black workers in sectors susceptible to policy shifts and budgetary cuts. The surge in Black unemployment highlights the need for targeted interventions to support affected individuals and address systemic inequities in employment.

Popular posts from this blog

Kamalanomics: Home and Health

Vice President Kamala Harris recently unveiled her economic plan, which builds upon and expands several initiatives from the Biden administration while adding new elements aimed at addressing economic challenges faced by American families. Her plan, dubbed the "Opportunity Economy" agenda, focuses on lowering costs for essential goods and services, particularly targeting housing, healthcare, and groceries. Key Components: 1. Housing: Harris proposes constructing three million new homes to address the housing supply crunch, which is more ambitious than Biden's two-million-home plan. She also advocates for a $40 billion "innovation fund" to encourage local governments to find solutions to housing shortages and make it harder for investment companies to buy up large numbers of rental properties, which has driven up rent prices. (See: Comments to the CalPERS Board of Administration, July 15, 2024 on Housing and Environmental Investing.) 2. Healthcare: Expanding on B...

Maternal Health Financing Facility for Black Women: A Solution to an Urgent Problem

Maternal mortality is a significant issue in the United States, with Black women disproportionately affected. Research conducted by the Centers for Disease Control and Prevention (CDC) has shown that Black women are more likely to die from pregnancy-related causes than their white counterparts. However, the issue is not new, and despite the increasing amount of data available, the disparities have remained unaddressed for far too long.  Creative Investment Research (CIR) is among the organizations that believe there is a solution to the problem. Through our proposed impact investing vehicle , the Maternal Health Financing Facility for Black Women (MHFFBW), we aim to tackle the mortality gap and support Black women during childbirth, which will, in turn, benefit their communities. The Facility, based on legally binding financing agreements containing terms and conditions that direct resources to individuals and institutions capable of addressing supply-side conditions at the heart...

William Michael Cunningham on Impact Investing, Blockchain, and Crowdfunding

September 2018 - 10 Questions William Michael Cunningham on Impact Investing, Blockchain, and Crowdfunding Interview by Carly Schulaka WHO: William Michael Cunningham WHAT: Economist, impact investing specialist, founder of Creative Investment Research WHAT'S ON HIS MIND: “Any finance professional in the U.S. should learn how to create a blockchain.” 1. You are an economist, an inventor, and an impact investing specialist. I’ve heard you say: “True innovation happens in a way that is independent of monetary returns.” How does this statement influence your work? It’s really about finding an interesting problem and applying financial technology to solving that problem or to dealing with that problem. You know, the people who invented the alphabet didn’t do so to make money. They had an interesting problem—communication on both a local and a grand scale—and if you were to calculate the social return for the invention of that technology or technique, it’s almost infinit...