05 9 / 2012
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Today’s 14.1 percent black unemployment rate is almost twice the 7.4 percent white rate, and the racial gap — after narrowing from 2005 to 2009 — has widened since the recession’s June 2009 end. At Obama’s inauguration, 7.1 percent of whites were jobless compared with 12.7 percent of blacks.
Amid a fitful economic recovery over the past three years, black households’ median annual income fell 11.1 percent, more than twice the 5.2 percent inflation-adjusted decline suffered by white households, according to an analysis of Census Bureau data by Sentier Research.
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Ooof. And that’s just in the last three years. That’s a massive and rapid backslide, during a period which is supposed to have been some form of economic recovery. (via jakke)
(Source: bloomberg.com, via ro-s-aspa-rks)
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