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Black unemployment: Highest in 27 years
Posted By yihan On September 3, 2011 @ 3:38 am In Economic Crisis,Featured Stories,Old Infowars Posts Style,Tile | Comments Disabled
Saturday, September 3, 2011
NEW YORK (CNNMoney) — The August jobs report was dismal for plenty of reasons, but perhaps most striking was the picture it painted of racial inequality in the job market.
Black unemployment surged to 16.7% in August, its highest level since 1984, while the unemployment rate for whites fell slightly to 8%, the Labor Department reported.
“This month’s numbers continue to bear out that longstanding pattern that minorities have a much more challenging time getting jobs,” said Bill Rodgers, chief economist with the Heldrich Center for Workforce Development at Rutgers University.
Black unemployment has been roughly double that of whites since the government started tracking the figures in 1972.
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