The unemployment rates you hear on the news are misleading. The overall unemployment rate is currently at a shocking high of 9.6%–but the ethnic breakdown of this figure is still more disturbing.
According to a study released July 15 by The Economic Policy Institute, minorities are significantly more likely to be jobless than their white counterparts. Part of this can be attributed to the recession, which has taken its toll on non-white communities the worst.
Yet even this cannot account for the shocking unemployment gap that exists. African-Americans typically suffer unemployment rates that are twice as high as their white peers, while Hispanics come in at 1.5% more than Whites. For example, currently in Alabama there is a 5.8% unemployment rate for whites while for African-Americans it jumps to 15.1%! In Louisiana, African-Americans were three times more likely to be jobless. And the same is true for Hispanics, who’s unemployment rates are suspected to be higher than reported (it is thought that many illegal aliens would have feared taking part in this study).
The bad news is that the unemployment gap between whites and minorities is increasing. The good news, however, is that there are tentative plans to improve the situation by imposing a small tax on stocks to create extra resources for job creation in these hard hit communities.
Find out more about the inequalities of unemployment rates, and how you can GET INVOLVED at http://www.reuters.com/article/domesticNews/idUSTRE56E83L20090716.
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