Categories:  'Racial Inequality'  

In a Recession, Black People are Most Likely to Lose Their Jobs

We looked at anti-black racism in the public sector, which is supposed to be the “equalizer” of the American job market. From the numbers, it [...]

We looked at anti-black racism in the public sector, which is supposed to be the “equalizer” of the American job market. From the numbers, it seems that the public sector doesn’t do a great job protecting minority workers. The tax revenue declines and anti-government sentiment that spawned as a result of the Great Recession lead to a job cut that disproportionately affected African-American workers and particularly black women. Among various working groups, black men had the highest rates of unemployment between 2003 and 2013, and the public-sector employment levels among black women remained lower than in 2008.

Obviously, the recession reaches far beyond the public sector and into the black household. According to the ACLU, the white household will be 31% below it would’ve been without the recession compared to the black household at 40%, which is worrying considering that the median wealth for a white household was $92,950 compared to a black household’s $14,200. In addition, black households are more prone to predatory loans, probably from the low rate of conventional mortgage applications and highest denial rate, or opt for less favorable mortgage options and increase the risk for financial hardship when recessions hit. The problems have not changed since the recession and instead grows more uneven.

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Articles

Publication Date: 26/06/2011
Source: Time
Author: Brian O'Connell
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Source: The Atlantic
Author: Gillian B. White
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Source: UW News
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