Economy

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September 24, 2012

theGrio and CNBC Market Update 9/24/12

VIDEO - Housing stocks rose by 2.3 percent in August, but building permits, a gauge of future building activity, declined…
September 20, 2012

Obama boosted by upbeat housing reports, new polls

WASHINGTON (AP) - Fresh signs of a national housing rebound and growing support in public opinion polls boosted President Barack…
September 17, 2012

theGrio and CNBC Market Update 9/17/12

VIDEO - There was quite a bit of data for investors to analyze last week...
September 12, 2012

FDIC: 21.4 percent of black families don’t have bank accounts

WASHINGTON - A government survey shows about 821,000 U.S. households lost access to basic banking services between January 2009 and…
September 12, 2012

US poverty rate unchanged; record numbers persist

WASHINGTON (AP) - The Census Bureau says the number of Americans in poverty stood at 15 percent in 2011 as…
September 7, 2012

Obama gets grim job news; Romney pounces on it

CHARLOTTE, N.C. (AP) - His convention over, President Barack Obama ran smack into the harsh reality of a bleak new…
September 7, 2012

US unemployment falls to 8.1 percent, black joblessness stuck at 14.1

WASHINGTON (AP) - The black unemployment stayed stuck at exactly 14.1 percent, while African-American teen unemployment ticked up slightly from…
September 7, 2012

Obama accepts nomination, promises better days at DNC: ‘My fellow citizens — you were the change’

CHARLOTTE, N.C. (AP) - Obama used his nationally televised speech closing out the Democratic National Convention to try to revive…
September 6, 2012

Under Obama, blacks remain far behind in unemployment and wealth

Millions of African-Americans are worse off economically than four years ago, Bloomberg News writes, although many of the challenges they…
September 4, 2012

theGrio and CNBC Market Update 9/4/12

VIDEO - Last week investors received some positive data the economy grew by 1.7 percent during the spring...
August 28, 2012

theGrio and CNBC Market Update 8/28/12

VIDEO - Investors had to parse fed, housing and jobs data last week...
August 24, 2012

Poverty remains largely absent from 2012 campaign debate

OPINION - With the ranks of the poor surging and much of the nation hobbled economically, officeholders can barely find…
August 23, 2012

Is welfare a wedge issue for Mitt Romney?

OPINION - Is Mitt Romney trying to stoke white resentment to beat President Obama?...
August 20, 2012

theGrio and CNBC Market Update 8/20/12

VIDEO - Besides Facebook shares closing below 20 dollars a share, economic data was the focus for investors last week...
August 8, 2012

New poll suggests that President Obama's lead over Romney is growing

theGRIO REPORT - A recent Reuters/Ipsos poll suggests that although Americans are still pessimistic about the economy their faith that…
August 7, 2012

Obama: 'I'm not the president of black America'

theGRIO REPORT - In a recent interview with Black Enterprise magazine, President Barack Obama bristled at criticism that he has…
August 3, 2012

Obama: Too many people still looking for work

WASHINGTON (AP) - President Barack Obama says new jobs figures released Friday show there are too many people looking for…
August 3, 2012

Midwest drought, rising food prices worry black businesses

theGRIO REPORT - As the worst drought in decades grips 26 U.S. states, business owners in affected areas and beyond…
August 3, 2012

Jobs report presents mixed blessing for Obama

WASHINGTON (AP) - President Barack Obama got new figures Friday to buttress his argument that he's presiding over steady, if…
August 3, 2012

163,000 jobs created in July; black unemployment falls slightly

WASHINGTON (AP) - African-American unemployment dropped slightly from 14.4 to 14.1 percent. And black teen joblessness fell too, from 39.3…