Despite recent improvements in Black unemployment rates, a new report showed Black Americans continue to face significant disparities in the labor market, and Floridians are no exception.

The report estimated in the Sunshine State alone, Black men need about 40,000 more jobs to reach parity with white men in the workforce, underscoring the racial employment gap as a costly burden for Black workers. In 2022, Black unemployment fell to 5.5%, the lowest rate in more than 50 years.

Algernon Austin, director of race and economic Justice at the Center for Economic and Policy Research, said the positive statistic obscures deeper issues.

"Black America still needs about 1.4 million more people working to have the same employment rate as white America," Austin pointed out. "We still have a significant need for jobs."

The research is from the Center for Economic and Policy Research and the Joint Center for Political and Economic Studies. For Black Americans who are employed, Austin noted the data show significant wage disparities and the employment gap is costing them about $60 billion a year.

While policymakers discuss solutions such as subsidized employment programs, Austin emphasized targeted actions, such as raising the minimum wage, are crucial to addressing systemic inequities.

"This is America's historic problem," Austin asserted. "This problem begins in the enslavement of the Black population, and then Jim Crow and then the continuing discrimination in the labor market."

In the most recent figures, for August, the U-S labor market saw modest job growth. But Black unemployment remained at just over 6%, significantly higher than the 3.8% rate for white workers. The report highlighted despite lower Black unemployment levels, structural barriers -- from hiring discrimination to limited access to high-paying jobs -- continue to impede economic progress for Black Americans.


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For Pennsylvanians on the hunt for employment opportunities, the Keystone State still offers a favorable landscape.

The state's jobless rate stayed at a record low 3.4% in September, better than the national rate of 4.1%.

Claire Kovach, senior research analyst at the Keystone Research Center, said Pennsylvania is drawing significant attention as a swing state. The center analyzed key economic indicators, including unemployment, jobs and wages across all the state's counties. The state's unemployment rate has been historically low for more than two years.

"In every one of Pennsylvania's 67 counties, the unemployment rate is lower now than it was right before the pandemic, when the economy was strongest under President Trump's first term," Kovach pointed out. "It's lower everywhere, but there's also a clear geographic pattern. Unemployment is a lot lower than before the pandemic in western and rural Pennsylvania."

Kovach noted the center has an interactive map showing the drop in the unemployment rate by county. She added the research revealed two-thirds of counties have seen job growth since just before the pandemic, with faster growth in the eastern half of the state, which also has faster population growth.

Kovach emphasized the tight labor market indicates a strong overall economy in Pennsylvania and is especially good for workers.

"Low unemployment benefits workers, both individually and collectively, because it's giving them more bargaining power with their employers, more ability to get higher pay, better benefits and working conditions," Kovach explained. "With respect to workers' bargaining power, this is the best economy for Pennsylvania workers in half a century."

Kovach said despite Pennsylvania workers seeing wage growth above inflation over the last decade, Pennsylvania's minimum wage lags behind all neighboring states. She argued the gap particularly harms low-income workers, especially those in the bottom 30%. Research in the report further highlighted the effects of a stagnant minimum wage on workers.

"We found that Pennsylvania workers, the low earners, make about $1.71 less per hour than their regional counterparts in New York, Maryland and New Jersey," Kovach stressed. "If you look at that as full-time, year-round work, that's $3,500 a year less that our low-wage workers are getting paid in Pennsylvania."

The state's minimum wage remains at the federal level of $7.25 per hour.

A new report from the American Federation of Labor showed the pay gap between CEOs and their workers continues to widen and Iowa has among the biggest disparities in the nation.

The report found companies' production costs were down 3% in 2023 but consumer prices were up 3%.

Charlie Wishman, president of the Iowa American Federation of Labor, said company CEO profits are up 6%, even as more families struggle to keep up with a rising cost of living. Wishman pointed out the gap between the CEO and an average worker at a Casey's General Store in Iowa is among the highest in the nation.

"The average CEO pay to the median worker pay, the difference is 623 to 1, meaning the CEO was going to make 623 times more than the median worker wage at Casey's," Wishman outlined.

Wishman noted the Casey's CEO-to-employee wage gap has grown from about 40 to 1 in the 1980s. Casey's said it reviews its salary and bonus structure yearly to be sure they are competitive. Nationwide, the report said it would take more than five career lifetimes for a worker to earn what the average CEO is paid in one year.

The report listed several examples of huge corporate profit increases, including a 66% hike in the former Starbucks CEO's pay. Securities and Exchange Commission documents showed Laxman Narasimhan's compensation jumped from $8.8 million in 2022 to $14.6 million in 2023.

Wishman argued for the average Iowan, such numbers are hard to stomach.

"It's not just that there's so-called 'inflation' going on, that consumers are making 'too much money.'" Wishman asserted. "We actually think it's an excuse that's being used by a lot of corporations to charge consumers more."

In the Starbucks example, the report showed the cost of a medium coffee at the chain has risen by 20% in some locations and the company has doubled the number of points required to qualify for rewards despite its overall production costs going down.

Projections of South Dakota's job growth could lead to more degrees from technical colleges, which are seeing increased enrollment.

Occupational employment levels in South Dakota are expected to grow 7.7% through 2032, according to new data from the state, more than twice the projected national rate of 2.8%. The two occupations with the highest expected growth, at over 56% each, are nurse practitioners and wind-turbine service technicians.

Melodee Lane, director of the Labor Market Information Center for the South Dakota Department of Labor and Regulation, said the projections "reflect historical growth patterns."

"The big driving force between the occupational projections, the starting point is to project employment at an industry level," Lane explained. "Industry growth plays a large role."

Utilities-related jobs -- supported by a rise in electric vehicles, data centers and shifts toward renewable energy -- are expected to grow nationally at 0.6%. Several South Dakota technical colleges offer wind-service technician programs. Enrollment in the state's four technical colleges is at a five-year high, with nearly 75,000 students.

Other occupations with big projected growth in South Dakota are data scientists, information security analysts, physician assistants and physical therapist assistants. Lane pointed out it tracks with other cultural and demographic changes in the state.

"Such factors as consumer demand, growth of e-commerce, population growth, especially in the state's more urban areas," Lane outlined. "The needs of an aging population is a big one."

Nationally, an aging population and a higher prevalence of chronic health conditions is expected to drive the highest industry growth in health care and social assistance.


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