Black Employment-Population Ratios Drop
As with December's unemployment report, African Americans won't find much solace in the employment-population ratio, which provides a more-accurate measure of joblessness than the better-known unemployment report.
The employment-population ratio represents the percentage of the population that is employed, and it can be interpreted as the probability that a member of the population is employed, according to the University of California at Berkeley's Work in the Black Community.
"It captures employment prospects better than the unemployment rate, since jobless individuals who are not in the labor force, including discouraged workers, are not calculated in the employment rate," said officials of Work in the Black Community, which is part of the U.C. Berkeley Center for Labor Research and Education.
Work in the Black Community reported that employment-population ratios for black men and women 20 years old and older dropped in December.
Read the rest here: The NorthStar News
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