According to Black Demographics 2012 Stats;
Black owned businesses created 1 million jobs, enough to use 4% of the working age Black Population. Proving there is a strong relationship between strengthening Black Owned Firms, and decreasing black unemployment.
According to Google;
"Currently, a dollar circulates in Asian communities for a month, in Jewish communities roughly 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 14.6percent of the total American population of 327.2 Million. This includes those who identify as'Black Only' and as'Black in combination with another race'.
Love and support black owned companies
Black American Unemployment
Black Unemployment Rate April 2020: 16.7%
Up from March (6.7%). U.S. unemployment rate: 14.7%black unemployment remains nearly double white employment nationwide.
Jobs that black workers and white workers get do not pay the same:
Black buying black employees earn less money and build less wealth than white workers
Roughly 20 percent of black and Hispanic individuals live in poverty compared to less than 9 percent of white individuals.
The Statistics reveal Black Owned Businesses are more likely to provide Jobs for black people. In addition black people have to be trained to patronize businesses that are owned by black individuals.
If we could change our buying habits, change how quickly money exits the black community from 6 hours, to maybe a week,'' We can resurrect new black Wall Streets, around America.
The only solution to the issue of large black unemployment, and poverty would be to allocate national funds for Black Owned Businesses, not Minority which includes everything including disability, white women, gay and little men and women.
Finally reparations will help heal the wounds of black people, and bridge the wealth gap.