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The richest girl in town.

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I'm not surprised. [Thursday, Jun. 4th, 2009|12:01 pm]
The richest girl in town.
Among college-educated, African Americans hardest hit by unemployment

Snapshot for April 22, 2009

by Algernon Austin

Fifteen months into a deep recession, college-educated white workers still had a relatively low unemployment rate of 3.8% in March of this year. The same could not be said for African Americans with four-year degrees. The March 2009 unemployment rate for college-educated blacks was 7.2%—almost twice as high as the white rate—and up 4.5 percentage points from March 2007, before the start of the current recession (see chart). Hispanics and Asian Americans with college degrees were in between, both with March 2009 unemployment rates of 5%.

Some argue that the problem of joblessness among African Americans can be solved by education alone, but at every education level the unemployment rate for blacks exceeds that of whites. The disparities among the college-educated and other evidence strongly suggest that even if the black educational attainment distribution was exactly the same as the white distribution, blacks would still have a higher unemployment rate than whites. Without a renewed commitment to anti-discrimination in employment and job creation in black communities, high rates of black joblessness will likely persist.1

1. See Algernon Austin, “Understanding the black jobs crisis,” The Daily Voice, August 1, 2008. http://www.epi.org/publications/entry/webfeatures_viewpoints_black_job_crisis/; and Algernon Austin, “Why is the black male employment rate so low?” Focus, Vol. 36, No. 4, 2008: 13(4),
http://www.jointcenter.org/publications_recent_publications/focus_magazine/2008__1/special_election_edition/why_is_the_black_male_employment_rate_so_low, for a more detailed discussion of this issue.

[User Picture]From: latemodel
2009-06-04 08:10 pm (UTC)
I started skimming that site, and was confused when I ran across this:

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[User Picture]From: liquid_siftings
2009-06-04 09:35 pm (UTC)
I believe that indicates that gov't spending of 23% of GDP is the threshold for (Euro-)Socialist-type governments. So, according to this, US govt spending is about to spike well above that threshold per Obama's budget.

it should be noted that the only other time it spiked above that line was also during a significant recession, and was while Reagan was president.
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[User Picture]From: liquid_siftings
2009-06-04 09:32 pm (UTC)
while I am confident that the numbers would still show a significant imbalance, I'd love to see the numbers tied to geographic, demographic, and (if possible) industry trends. I say that not to indicate any disbelief, but rather because that data would help more fully understand all factors contributing to the problem.

What I believe those data would show is further evidence that the playing field is not even due to the socio-historical legacy & its remnants disadvantaging African Americans out of the starting gate (meaning that education equivalent to whites still leaves them behind).
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[User Picture]From: fa_ikaika
2009-06-05 01:03 am (UTC)
Thanks for posting L. It's always good to have some statistics to throw at people.

kia kaha
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[User Picture]From: zoe_trope
2009-06-05 03:49 am (UTC)
Thanks for sharing. I work for a large corporation and it freaks me out that everyone in my department is white and almost everyone on my floor is white.
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