Wednesday, April 27, 2011

Black Unemployment at Depression levels

There is an article on the Huffington Post about how black unemployment is at depression levels in some cities. Does this really surprise anybody? In places like New York, black male unemployment is over 50%. Usually the black unemployment rate is double that of whites. So, in a prolonged recession as the one we're in it makes perfect sense that the black unemployment rate would be so high.  The real question is what are we going to do about it?

The talk in Washington has quickly turned from jobs to cut the deficit. The worse part is that most of the cuts will be to programs that help those in the lower income brackets. Basically congress looks to balance the budget on the backs of the poor and middle class.

Locally, the situation is just as bad as it on the national level. What makes Louisville's situation worse is that we were shedding jobs years before the recession started. The bad news is that it will take Louisville years to add jobs at the rate of peer cities. Until that happens you can expect even more middle class African Americans from Louisville to leave and look for greener pastures elsewhere.

Read the whole article about black unemployment. It's a very good read.

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