Report: Unemployment gap widening between Blacks, whites
Saturday, April 9, 2005 at 11:59PM
TheSpook
The unemployment gap between blacks and
whites widened last year, endangering financial gains African-Americans
achieved in the 1990s, according to an annual National Urban League
report to be released Wednesday. Blacks have achieved only 57% of the
economic status of whites, and unemployment is a primary factor, the
civil rights organization says in The State of Black America. Blacks
were particularly hard-hit by the stock market collapse that began in
2000 and the rising joblessness that followed historically low
unemployment rates in the 1990s, says Marc Morial, president of the
National Urban League. "These are all signs of a stalling and a
stagnation in the economic condition of African-Americans," he says.
The unemployment rate for blacks was 10.8% in 2004, 2.3 times the white
rate of 4.7%. The white unemployment rate dropped from 5.2% the
previous year, while the black rate was unchanged.[more]
Article originally appeared on (http://brownwatch.com/).
See website for complete article licensing information.