News

November 20, 2012

African-Americans left behind in US job market as economy recovers

While US unemployment is decreasing overall, one minority group is being left out of the recovery. African-Americans are continuing to lose jobs, with the black unemployment rate now standing at 14.3 percent.

While national unemployment decreased to 7.9 percent in Oct. 2012, the numbers aregrim for African-Americans, whose unemployment rate jumped from 13.4 percent to 14.3 percent in just one month, according to data from the federal Bureau of Labor Statistics.

The difference in the youth unemployment rate between black Americans and whites is even more dramatic. The overall unemployment rate of those aged 18-29 is 12 percent, while it is a staggering 21.4 percent among blacks.

Read the Full Story Here; RT