Black People : Whites unemployment falls...Blacks goes up - Highest in 27 yrs

MsInterpret

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Apr 21, 2007
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Washington
Black Unemployment: Highest In 27 Years

By Annalyn Censky
POSTED: 10:11 am PDT September 2, 2011
NEW YORK (CNNMoney) -- The August jobs report was dismal for plenty of reasons, but perhaps most striking was the picture it painted of racial inequality in the job market.Black unemployment surged to 16.7% in August, its highest level since 1984, while the unemployment rate for whites fell slightly to 8%, the Labor Department reported."This month's numbers continue to bear out that longstanding pattern that minorities have a much more challenging time getting jobs," said Bill Rodgers, chief economist with the Heldrich Center for Workforce Development at Rutgers University.

Black unemployment has been roughly double that of whites since the government started tracking the figures in 1972.Economists blame a variety of factors. The black workforce is younger than the white workforce, lower numbers of blacks get a college degree and many live in areas of the country that were harder hit by the recession -- all things that could lead to a higher unemployment rate.But even excluding those factors, blacks still are hit with higher joblessness.
"Even when you compare black and white workers, same age range, same education, you still see pretty significant gaps in unemployment rates," said Algernon Austin, director of the Race, Ethnicity, and the Economy program at the Economic Policy Institute. "So I do think the fact of racial discrimination in the labor market continues to play a role."About 155,000 blacks got jobs in August, but the group's unemployment rate still went up because those jobs weren't enough to make up for all the people who started looking for work during the month.However, the gain for whites of 211,000 jobs was enough to bring their unemployment rate down.
READ MORE: http://www.10news.com/money/29062721/detail.html
 

Knowledge Seed

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Feb 22, 2008
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Atlanta, GA
Whites are creating jobs for themselves...It really is about time we start creating jobs for ourselves...Or there will be no jobs left for us at all.

We're not moving forward...we're going backwards.
Unfortunately, our people are so far down the economic ladder the vast majority of us don't have enough in savings to start Black businesses.
 

Shikamaru

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May 7, 2011
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Unfortunately, our people are so far down the economic ladder the vast majority of us don't have enough in savings to start Black businesses.

Then you start where you are i.e. one's home, apartment, or room. Make shift workshops will do.

As progress is made and your business grows, you move out to the garage and finally into commercial space.
 

Full Speed

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Sep 7, 2009
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It's time for some of these Black nationalist to step up to the plate and start doing something that puts Black people to work.
 

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