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2014 Was Best Hiring Year Since ’99; Jobless Rate 5.6 Pct.

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In this Oct. 23, 2014 file photo, Joe Wilhelm, left, a recruiter with payment processing company First Data Corp., shakes hands with U.S. Army Spc. Vincent Knowles, at a job fair that was part of a "transition summit" intended to provide employment and educational information to soldiers who may exit military service in the next year, at Joint Base Lewis-McChord, Wash. The Labor Department releases employment data for December 2014 on Friday, Jan. 9, 2015. (AP Photo/Ted S. Warren, File)

In this Oct. 23, 2014 file photo, Joe Wilhelm, left, a recruiter with payment processing company First Data Corp., shakes hands with U.S. Army Spc. Vincent Knowles, at a job fair that was part of a “transition summit” intended to provide employment and educational information to soldiers who may exit military service in the next year, at Joint Base Lewis-McChord, Wash. The Labor Department releases employment data for December 2014 on Friday, Jan. 9, 2015. (AP Photo/Ted S. Warren, File)

CHRISTOPHER S. RUGABER, AP Economics Writer

WASHINGTON (AP) — The United States capped its best year for hiring in 15 years with a healthy gain in December, and the unemployment rate hit a six-year low. The numbers support expectations that the United States will strengthen further this year even as overseas economies stumble.

Employers added 252,000 jobs last month and 50,000 more in October and November combined than the government had previously estimated, the Labor Department said Friday. The unemployment rate dropped to 5.6 percent from 5.8 percent in November. The rate is now at its lowest point since 2008.

Still, wage growth remains weak. Average hourly pay slipped 5 cents in December. And one reason the unemployment rate fell had nothing to do with more hiring: Many of the jobless gave up looking for work and so were no longer counted as unemployed.

Even so, nearly 3 million more people are earning paychecks than at the start of 2014 — the best annual job gain since 1999. Gas prices have also plunged, which will give consumers — the main driver of the U.S. economy — a further boost in coming months.

Though December’s hiring didn’t match November’s huge 353,000 gain, monthly job growth in the final three months of 2014 averaged 289,000. That was up sharply from the 239,000 average for the third quarter of 2014.

“We are in a recovery that is accelerating,” said Michael Strain, an economist at the American Enterprise Institute, a conservative think tank.

The unemployment rate is now near the 5.2 percent to 5.5 percent range that the Federal Reserve considers consistent with a healthy economy — one reason the Fed has been expected to raise interest rates from record lows by midyear.

Yet for now, the plummeting oil prices and weak pay growth are helping keep inflation even lower than the Fed’s 2 percent target rate. Many economists think inflation may fail to reach even 1 percent this year. A result is that the Fed could feel pressure to avoid raising rates anytime soon.

“There is still room for stimulus without having to worry about inflation taking off,” Strain said.

Most economists forecast that the U.S. economy will expand more than 3 percent this year. If it does, 2015 would mark the first time in a decade that growth has reached that level for a calendar year.

In December, hiring was widespread across most industries. Construction firms added 48,000 jobs, the most since January. Manufacturers gained 17,000.

One industry where hiring slowed in December was retailing, which cut back after staffing up in November for the holiday shopping season.

Overall, American businesses have been largely shrugging off signs of economic weakness overseas and continuing to hire at solid rates. The U.S. economy’s steady improvement is especially striking compared with the weakness in much of the world.

Europe is barely growing, and its unemployment rate is nearly double the U.S. level. Japan, the world’s third-largest economy, is in recession. Russia’s economy is cratering as oil prices plummet. China is straining to manage a slowdown. Brazil and others in Latin America are struggling.

Fears about significantly cheaper oil spooked investors earlier this week before financial markets recovered. But most economists remain optimistic that lower energy prices will benefit U.S. consumers and many businesses.

The drop in average hourly pay last month to $24.57 followed a downward revision to November’s average pay gain. Hourly pay over the past two months has now risen just a penny.

During 2014, average wages rose just 1.7 percent, not much above the inflation rate, which was 1.3 percent. As hiring ramps up and the unemployment rate falls, those pressures should, at least in theory, compel employers to raise pay to attract workers. But that trend has yet to emerge.

“The continued listless performance of hourly earnings is an ongoing frustration,” Richard Moody, an economist at Regions Financial.

The fall in average pay may actually reflect economic strength, said John Silvia, chief economist at Wells Fargo. Silvia suggested that the healthy hiring of recent months means that “many of these new hires are entry-level workers and would be paid less” than experienced employees.

Last month, the number of unemployed fell 383,000 to 8.7 million. Fewer than one-third of people out of work found jobs; the rest stopped looking. The percentage of Americans who are either working or looking for work fell back to a 37-year low last touched in September.

The brightening jobs picture has healed some of the deep scars left by the Great Recession. The number of people who have been unemployed for more than six months fell 27 percent last year. And the number working part time who would prefer full-time work dropped 12 percent.

Still, to keep up with population growth since the recession began, the economy would need to create 4.9 million additional jobs, according to the Brookings Institution.

Economists expect more healing this year. Goldman Sachs estimates that additional spending on restaurants, auto dealers and other goods and services resulting from lower energy prices will lead to 300,000 more jobs this year than if oil prices had remained at their levels of six months ago.

Spending at retail stores and restaurants rose in November by the most in eight months, an early sign that Americans are spending some of the savings they are enjoying on gas-pump prices.

___

AP Economics Writer Josh Boak contributed to this report.

Copyright 2015 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

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Oakland Post: Week of August 12 – 18, 2026

The printed Weekly Edition of the Oakland Post: Week of August 12 – 18, 2026

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California Hispanic Chambers of Commerce Unveils: ‘Powering the Future’ Theme for 47th Annual Statewide Convention

POST NEWS GROUP — For nearly 50 years, the CHCC has been the frontline champion of California’s small-business ecosystem. As the economic landscape evolves, “Powering the Future” signals bold momentum—emphasizing the innovation, resilience, and leadership needed to fuel the next generation of entrepreneurs and community leaders. The theme bridges the CHCC’s foundational advocacy over the past 47 years with a strategic vision for rapid economic transformation.

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Luis Zambrana, McDermott Costa Insurance; Leo Callejas, California Hispanic Chambers of Commerce (CHCC) Northern Region chairperson; Karen Guzman, Aliza Gallo, board director, Oakland Latino Chamber of Commerce (OLCC); Julian Cañete, president and CEO of CHCC; Sharon Fonseca, OLCC board director. Courtesy photo.

The premier August event in Oakland will unite business leaders, policymakers, and innovators to drive the next generation of California’s economic growth.

The California Hispanic Chambers of Commerce (CHCC) has officially announced “Powering the Future” as the theme for its 47th Annual Statewide Convention. The landmark event will be held August 19-21 at the Oakland Marriott City Center in Oakland, California. 

For nearly 50 years, the CHCC has been the frontline champion of California’s small-business ecosystem. As the economic landscape evolves, “Powering the Future” signals bold momentum—emphasizing the innovation, resilience, and leadership needed to fuel the next generation of entrepreneurs and community leaders. The theme bridges the CHCC’s foundational advocacy over the past 47 years with a strategic vision for rapid economic transformation. 

Driving Innovation and Economic Influence

As California leads global trends in technology, clean energy, and entrepreneurship, Hispanic-owned businesses are at the helm. From harnessing artificial intelligence and accelerating digital transformation to pioneering sustainable practices, Latino entrepreneurs are actively shaping tomorrow’s industries.

“Hosting this convention in Oakland is deeply meaningful,” said Noel Gallo, who represents Council District 5. “Approximately 28% of Oakland’s population is Latino, and their contributions shape every aspect of our civic, cultural, and economic life.”

Latino‑owned businesses are central to our city’s growth; they drive job creation, revitalize commercial corridors, strengthen neighborhood identity, and contribute to innovation across sectors including construction, hospitality, education, retail, arts, professional services, and more, Gallo asserts.

“These enterprises do more than generate revenue; they anchor family legacies, nurture community pride, and create spaces where culture and commerce meet,” Gallo said.

“Following a period of significant economic transformation, ‘Powering the Future’ is more than a theme—it is a collective call to action,” said Julian Cañete, president and CEO of the CHCC. “Our businesses and future leaders aren’t merely adapting to change; they are driving it. This convention will showcase the innovation and leadership needed to build a stronger, more prosperous California for generations to come.”

Cañete is also excited to have Oakland as the organization’s host city. Noting Oakland’s historical significance and deep-rooted diversity “From its legacy as center of social movements to its modern identity as a hub for innovation, sustainability, and small business growth, Oakland embodies the resilience and creativity that define our state,” Cañete added. “We are proud to contribute to this dynamic community’s ongoing momentum and economic vitality.” 

Three Days of Impact, Connection, and Advocacy

The CHCC Annual Convention empowers Hispanic and diverse businesses and communities while fostering connections and advancing economic opportunities. The convention features impactful presentations on business development, current business trends, economic and community development, and policy-oriented discussions.

Attendees can connect with business leaders, thought leaders, elected officials, and other Hispanic and diverse small business and community leaders. Participants establish strategic, long-lasting partnerships through direct personal engagement, best-practice sharing, interactive dialogue, networking workshops, and more.

The agenda includes an annual business matchmaking program, dynamic panels and speakers, an exhibition hall, awards ceremonies, and meal events highlighting the remarkable achievements of Hispanic and diverse businesses and communities.

The CHCC Annual Awards celebrate Hispanic and diverse companies and communities for their hard work, ingenuity, dedication, and contributions to California’s economy. The CHCC Annual Convention also aims to advance a diverse supply chain and create expanded business opportunities for diverse entrepreneurs and communities.  

The Oakland Hispanic Chamber of Commerce is the source for this report.

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Returning to Its Roots, the Oakland Black-Eyed Pea Festival Partners with the Freedom Farmers Market Sept. 12

POST NEWS GROUP — Freedom Farmers’ Market (FFM) vendors sell produce and promote wellness and nutrition through organic herbs, massage, and other gift items from July through October on the second and fourth Saturdays at a dozen canopies in the last block of Shattuck Avenue, where it merges with Telegraph Avenue.

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Elaine Smith, executive director of Farms to Grow, Inc., holds T-shirt for Ki’Ara LaFitte, winner of the Freedom Farmers’ Market Watermelon-Eating Contest at the season opening on July 11. Courtesy photo.

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The Oakland Black-Eyed Pea Festival (BEPF), a celebration of African American traditional music, food and art, will return to its roots through a partnership with Farms to Grow, Inc., the hosts of the Freedom Farmers’ Market on Sept. 12.

Now in its 11th year, the downsized festival sponsored by Omnira Institute will open with presentations by Wakan Wiya Two-Spirit Drum, a drum invocation for the ancestors by Awon Ohun Omnira, a performance by Andre Thierry of Accordion Soul, and most importantly, fresh black-eyed peas for sale.

Freedom Farmers’ Market (FFM) vendors sell produce and promote wellness and nutrition through organic herbs, massage, and other gift items from July through October on the second and fourth Saturdays at a dozen canopies in the last block of Shattuck Avenue, where it merges with Telegraph Avenue.

Over the years, FFM vendors have appeared at the Black-Eyed Pea Festival and vice versa, so this collaboration is like a family reunion.

Farms to Grow, Inc. Executive Director Elaine Smith said the collaboration with Omnira Institute was an opportunity she couldn’t refuse. “People talk about community and unity for Black people – I always want to be an example of what has to be done,” Smith said. “Anyway that we can partner with our people, we want to do that.”

Charlotte Jackson, a longtime vendor with FFM and the festival, had been known for her jellies, jams and chow-chow through Pots n’ Jars. For the last several years, she hasn’t been able to find a commercial kitchen she can afford, so she began selling vegan soap and skin care products that her son and his partner produce under the name Lather and More.

“It’s been a blessing,” said Jackson, who will tell her customers that although they can order the wares from the website, there’s no such thing as ‘smell-avision.” From her table, she encourages passers-by to take a sniff of the soaps, then directs them to the nearby booths.

Jackson functions as a sort of ‘town crier’ of ‘buying Black,’ never failing to encourage Black people to take their mule or Pontiac or Chevrolet and steer it toward Black businesses like Mandela Market.

Likewise, the Black-Eyed Pea Festival was established to encourage Black entrepreneurship by providing a space for Black creatives to sell their handmade or original designs and products without competing with commercially produced goods.

It also served as a way to both commemorate and invigorate memory of the once-thriving Black community of West/North Oakland before it was divided by highways, BART, and then ravaged by the crack cocaine epidemic.

“For one day, I wanted to invoke the success of that community through the sound of music, the taste of soul food and black-eyed peas and the beauty of our art,” Ravernell said.

Once deciding to follow through on the idea of holding a festival celebrating African American traditions, Ravernell settled on using the black-eyed pea as its symbol because of its pride of place in Black people’s consciousness on New Year’s Day and because the peas were originally cultivated in Africa.

Learning that Fresno farmer Wil Scott, former president of the California African American Farmers Association, grew black-eyed peas as well as other legacy crops that are the foundation of a soul food menu, Ravernell was intent on ensuring Scott’s presence at the first festival in 2014. Whenever he could, and whenever the weather yielded a bountiful crop, Scott would bring his black-eyed peas to the festival, shelled or on the pods.

Originally cultivated in Africa, the black-eyed pea is believed to have been brought to the U.S. hidden in the hair of African captives brought to the Western Hemisphere during the holocaust of the Atlantic Slave Trade.

Known to grow plentifully even in poor soil, the pea was associated with abundance in Africa and later, in the U.S., with good luck.

She also learned that black-eyed peas nourish poor soil, that they are a very good source of nutrition, and that they probably contributed to the longevity of the enslaved.

“I thought the black-eyed pea, its story and its significance for Black people made it a great symbol to represent Black culture,” she said. In spite of everything they endured, Black people emerged from slavery and Jim Crow as masters of making a lot from a little, creating a culture that would be emulated and imitated at home and abroad.

Feeling that many people know only the most recent iterations of Black music – Hip Hop and R&B – she created the festival to promote the music of earlier eras, which reflect the thoughts and feelings of Black people over time.

That’s why the festival highlights straight-ahead jazz, gospel, zydeco and the Second Line of the New Orleans jazz funeral.

“It’s not enough to remember,” Ravernell said. “We need to actively nourish the roots of our culture.”

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