Saturday, November 3, 2012

The African-American Unemployment Crisis Continues

By Travis Waldron on Nov 3, 2012 at 9:30 am

The American labor market continued its steady recovery in October, as the latest data from the Bureau of Labor Statistics showed that the economy added 171,000 jobs last month. The nation’s unemployment rate is now 7.9 percent, and there is an unquestionable recovery taking place. Lost in the positive news, though, is that the unemployment rate for African-Americans rose nearly a full point to 14.3 percent, up from 13.4 percent in September.

The black unemployment rate has fallen from its Great Recession peak of 16.7 percent, but it’s at the same level it was in October 2011, even though the nation’s overall unemployment rate has fallen more than a full point since then. As this chart from The Roosevelt Institute’s Mike Konczal shows, black unemployment averaged 8.6 percent before the recession:

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