According to Black Demographics Stats;
Black owned companies created 1 million jobs, enough to employ 4% of the working age Black Population. Proving there's a connection between strengthening Black Owned Businesses, and decreasing black unemployment.
According to Google;
"Currently, a dollar circulates in Asian communities for a month, in Jewish communities approximately 20 days and white communities 17 days. How long does a dollar circulate in the Black community? 6 hours!
In 2018 US Census Bureau estimated 47,841,851 African Americans in the USA which is 14.6% of the total American population of 327.2 Million. This includes those who identify as'Black Only' and as'Black in black owned business combination with another race'.
Love and support black owned businesses
Black American Unemployment
Black Unemployment Rate April 2020: 16.7%
Up from March (6.7percent ). U.S. unemployment rate: 14.7%black unemployment remains nearly double white employment nationally.
Jobs that black workers and white workers get do not pay the same:
Black employees earn less money and build less wealth than white workers
Roughly 20 percent of black and Hispanic people live in poverty compared to less than 9 percent of white individuals.
The Statistics show Black Owned Businesses are more likely to provide Jobs for black individuals. In addition black people must be trained to patronize businesses that are owned by black people.
If we can change our buying habits, change how fast money exits the black community from 6 hours, to maybe a week,'' We can revive fresh black Wall Streets, all over America.
The only solution to the issue of large black unemployment, and poverty is to allocate federal resources for Black Owned Businesses, not Minority which includes everything including disability, white women, gay and little people.