Displaying items by tag: Economics

Black consumers are wielding power and influence in the marketplace like never before. All while spending their way to a major milestone......

There are 43 million African Americans in the United States, 13.7 percent of the total population, the second largest racial minority in the country. The median age is 32 and 47 percent are under 35 years of age.Even with these impressive numbers and buying power most mainstream advertisers are not inclusive, do not include African Americans in...

The recession’s effect on the unemployment rate is widely known, but its profound effect on the wealth gap between races is only now coming into focus......

Uneasiness about the sluggish economy has small businesses feeling unsure, even as signs point to a recovery.According to a new survey by The Hartford Insurance Group, just a third of small businesses say they are optimistic the economy will improve this year. Their uneasiness about the sluggish economy has owners holding off on hiring.Nearly 60...

A new study by the The Nielson Company; African-American Consumers: Still Vital, Still Growing 2012 Report, shows African-American consumers are not only a vital socio-economic group but a growing one......

While the unemployment rate declined, the low number of new jobs created indicates continuing struggles for the U.S. economy.The U.S. economy added only 96,000 jobs in August, according to the monthly employment report by the Bureau of Labor Statistics in the Department of Labor.The number fell short of expectations; economists surveyed by...

Hispanic-owned employers lag behind when it comes to growing their businesses.A new study shows that Hispanic-owned businesses are slow to grow, Bloomberg Businessweek reported.Conducted by the University of Texas' Bureau of Business Research, the report showed white employers perform better over all and draw in a higher revenue than Hispanic...

BET founder and billionaire businessman Robert L. Johnson met with black conservatives on the Hill to address the significant wealth disparities in the African-American community......

Below is yet another example of a once bustling African American business community collapsing due to desegregation, racism, politics, neglect, and, most of all, lack of support from fellow African Americans.  We must support minority-owned businesses.  Likewise, minority-owned businesses must re-invest in the communities where they do business.