via Al Jazeera
Six years after America sank into the deepest economic downturn since the 1930s, the jobless rate has fallen to 5.9 percent, the lowest since July 2008. But one demographic group — African-American men — seems to be stuck in a permanent recession.via UPI
Eleven percent of black men over 20 are unemployed today. That’s down from 19 percent in 2010, but it’s still the highest of any ethnic or racial group. By comparison, 9.6 percent of black women are unemployed, while white men have an unemployment rate of 4.4 percent. That racial disparity, alas, is nothing new. Since the government began tracking unemployment in 1940, the jobless rate for black men has consistently been at least twice that of white males.
Social scientists, economists and other experts cite a variety of reasons for the high unemployment rate among black males: lack of training, loss of public-sector jobs, high incarceration rates (at least five times that of white men), unequal access to social networks and outright discrimination. When coupled with the fact that the recession hit all men particularly hard (men lost 2.6 jobs to every 1 by a woman, in large part because of a decline in manufacturing and construction), a clearer picture of the tenuous relationship black men have with today’s labor market starts to emerge.
Federal Reserve Chairwoman Janet Yellen told a Senate committee Tuesday she is troubled that African Americans and Hispanics are still experiencing higher unemployment and that black families still have lower annual incomes than the nation overall.Yeah. The above is discussed in the barbershops of Black America. The issues are known yet Black leadership still bows at the feet of Democrat leaders.
"In the labor market, the cumulative increase in jobs since its trough in early 2010 has now topped 14 million, while the unemployment rate has fallen more than 5 percentage points from its peak," Yellen told the Senate Committee on Banking, Housing, and Urban Affairs.
"In addition, as we detail in the Monetary Policy Report, jobless rates have declined for all major demographic groups, including for African Americans and Hispanics. Despite these declines, however, it is troubling that unemployment rates for these minority groups remain higher than for the nation overall, and that the annual income of the median African American household is still well below the median income of other U.S. households."
I don't understand it.
Worse? Black leadership supports illegal immigration which increases competition for low skill jobs AND they aren't communicating the concerns of the community with Democrat leadership. So that means the Dems aren't responsive because they have the Black vote in their back pocket. The Republicans could care less because they can't get the Black vote.
In essence you're looking at 14% of the population that has rendered itself irrelevant because of voting patterns...Blacks in America must take the red pill...