Black Women Lead The US In New Business Creation

Black women are the fastest-growing group of entreprenuers in the US. Black-women-owned businesses have increased by 13% between 2024 and 2024 compared to the 4.4% rate for women-owned businesses overall, according to Forbes.

Black women turning to entrepreneurship

Black women have been pushed out of the workforce as their unemployment rate has reached 7.3% in 2026, according to the Bureau of Labor Statistics. Last year, Black women’s unemployment rate increased from 5.1% in March to 6.1% in April, reached an all-time high of 6.2% in May, then dropped to 5.8% in June, according to Bureau of Labor Statistics data reported by The 19th.

Amanda Spann, an American marketing consultant and app entrepreneur, told Forbes that “those dismissals turned into divestment.”

“When given the opportunity, we overindexed, got the education, built the experience, checked every box, only to watch the rules change, and the entire game get redesigned, right from under us,” she adds.

DEI and AI affecting Black women’s employability

Black women are more likely to be in departments of Education, Health and Human Services, and Housing and Urban Development, which have been targeted for cuts by DOGE. Additionally, they have eliminated several DEI roles as a result of President Trump’s executive orders.

A survey conducted by Charter Works found that 53% of Black respondents are afraid of being replaced by AI in comparison to 39% of white respondents. Another 2019 McKinsey study estimated that AI would disrupt 4.5 million jobs held by Black Americans in 2030. It seems that those fears were valid. Black women are most likely to face layoffs due to the enforcement of AI in industries such as HR, service positions, and administration.

Image:Vitaly Gariev

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