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Third Annual Brother Survey Reveals Cautious Optimism for Small Business Owners

Brother International59 percent of small business owners believe that 2012 will be a better year than 2011

Down 10 percent from the 2011 findings (54 percent), 44 percent of owners believe stockpiling cash for surviving any economic downturn is the better course of action

Read more: Third Annual Brother Survey Reveals Cautious Optimism for Small Business Owners

Annual Report: Black Employment and Unemployment in 2011

The U.S. added 1.6 million jobs this year, but unemployment rates for Black workers remain higher than they were during the Great Recession.  Source: Steven Pitts, UC Berkeley Labor Center

Berkeley — A new report by the University of California, Berkeley’s Center for Labor Research and Education finds that throughout 2011, Black worker unemployment remained in the 15 to 16 percent range, while unemployment for the rest of the workforce dropped below 9 percent.

Read more: Annual Report: Black Employment and Unemployment in 2011

Private hiring soars; seasonal issues cloud gain

A flyer advertising holiday job listings is seen at the North Metro Department of Labor Career Center in Atlanta, Georgia, December 1, 2011. REUTERS/Tami ChappellNEW YORK (Reuters) - The jobs recovery gathered pace as a measure of private-sector hiring surged in December and claims forunemployment benefits fell, suggesting the battered labor marketmay continue to strengthen in 2012.

The ADP National Employment Report's December job tally of 325,000 surprised economists who had expected a gain of roughly half that size. It was also above the 204,000 private jobs added in November.

Read more: Private hiring soars; seasonal issues cloud gain

Black Unemployment Rate in Decline

UC Berkeley Labor CenterBlack Unemployment Rate Was 13.6% in January 2012, a decline from 15.8% in December 2011.

According to the UC Berkeley Labor Center the unemployment rate for Blacks was 13.6 percent last month.* This is according to the latest report on the nation’s employment situation released Friday morning by the Bureau of Labor Statistics in its monthly Employment Situation report. This rate was a sharp decrease from December, when unemployment in the Black community stood at 15.8 percent.

Read more: Black Unemployment Rate in Decline

A Multicultural Lever for the Economic Machine

A Multicultural LeverAs financial services professionals, we must understand the broader landscape of socio-economic trends in our country. The recession and economic upheaval of the last few years has illuminated the significance of small business owners in the U.S. Their economic impact has manifested in the American economy in several ways.

Read more: A Multicultural Lever for the Economic Machine

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