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Because unemployment improved for everybody, but it improved for a significantly smaller percentage of blacks that it did for the population as a whole.
by dexterdog 10y ago
Because unemployment improved for everybody, but it improved for a significantly smaller percentage of blacks that it did for the population as a whole.
- nl 10y agoIt dropped ~6.9% for blacks, ~5% for the population as a whole. Prior to the financial crisis it was 4.6% overall, 8.3% for blacks[1]. So now it is 8.9% worse that the per-crisis number for all employment (ie, (5-4.6)/4.6) vs 8.5% worse for blacks (ie (9-8.3)/8.3). Sure, I'm sure you can play with the numbers to give it the spin you want, and I can spin them the other way. But it's pretty difficult to argue that it is significantly worse now than it was before. [1] http://www.bls.gov/opub/reports/race-and-ethnicity/archive/race_ethnicity_2007.pdf http://www.bls.gov/opub/reports/race-and-ethnicity/archive/r...