June 4, 2012

HOW’S THAT HOPEY-CHANGEY STUFF WORKIN’ OUT FOR YA? (CONT’D): Unemployment Increase Worse for Blacks.

Last Friday’s unemployment news crashed the stock market and upended the presidential race. Lost in the excitement, however, was the news that African-American unemployment, already significantly above general levels, rose by much more.

Nationally, unemployment in May rose from 8.1 percent to 8.2. This is bad, especially considering how much time has passed since our economic troubles began, but it is less than catastrophic. As the Root reports, for African-Americans, however, the news was much, much worse. Unemployment among Blacks rose from 13.0 percent to 13.6 percent.

This is serious news for a population that is already under great economic strain.

Indeed.

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