Wednesday, June 1, 2011

Percentage of Employed Black Men Is Lowest It’s Been in 40 Years

Link: http://yourblackworld.com/2011/06/01/number-of-employed-black-men-is-lowest-its-been-in-40-years/ (sent via Shareaholic)

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"Even as the economy continues to improve for some, the percentage of black men with jobs last month dropped to its lowest point in 40 years. The situation is worse for teenagers, worse again in the South and worst of all in late May as graduates swell the job market.

The result for black men ages 16 to 19 is a fate that now resembles a coin toss. Of those seeking work, 54.6 percent find jobs. More than 45 percent do not.

Forty-five percent. It is a number five times the general unemployment rate and almost double the rate for teens. Economists believe that recessions are always harshest on the most vulnerable workers, who are the first to lose their jobs and the last to be rehired, and young black men have long been considered most vulnerable of all. The contributing reasons — which experts say range from education to transportation to systemic racism — are now the topic of abstract debates in the White House and on Capitol Hill."

Posted via email from Brian's posterous

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