WASHINGTON (NNPA) – The Black unemployment rate hit a six-year low in June, dipping below 11 percent for the first time since August 2008. Last week, the Labor Department reported that the Black jobless rate was 10.7 percent in June, compared to the White unemployment rate, which was 5.3 percent. The unemployment rate for Black […]
Jobless Rate Drops, But Pain, Despair Persist In Weak Economy
By David Moberg (In These Times) – The headline news on Friday that the unemployment rate in November dropped 0.4 percent to 8.6 percent may help President Obama avoid losing his job next year. But the reality behind the figures will not—and that reality includes a big dose of stress, anger, despair and insecurity even […]
60 Years of High Unemployment for Blacks
By Andy Kroll – How Racism, Global Economics, and the New Jim Crow Fuel Black America’s Crippling Jobs Crisis Like the country it governs, Washington is a city of extremes. In a car, you can zip in bare moments from northwest District of Columbia, its streets lined with million-dollar homes and palatial embassies, its inhabitants […]