According to the National Bureau of Economic Research, the recession is officially over. Lasting a whopping 18 months since December 2007, this “Great Recession” is the longest economic downfall since World War II.
But do you feel free of economic despair? To many Black Americans dealing with unemployment, and the struggle to pay bills and student loans payments, this official declaration sounds like a slap in the face.
The numbers don’t lie and according to the latest data, Black people in America are still out of work at alarming rates. While the national average is at 9.6 percent, African American unemployment is at 16 percent. The stats broken down per city can be even more devastating. Cities like Detroit, Minneapolis, St. Louis and Las Vegas are leading national unemployment by nearly 8 percent. There remains substantial gaps between African American and White unemployment. For example, according to the Bureau of Labor Statistics, African American unemployment in New York outranks White employment by 7.5 percent. Moreover, according to numbers just released in Washington, one in seven Americans are living in poverty. That’s 44 million, and 50.7 who currently have no health insurance.
So who’s really out of economic devastation? They can’t be talking about our communities.
Photo Source: Washington Times
Stats: Bureau of Labor Statistics, National Bureau of Economic Research