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Unemployment in the US: Highest in 27 years

 
 
 
 
 
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The August jobs report was dismal for plenty of reasons, but perhaps most striking was the picture it painted of racial inequality in the job market.

Black unemployment surged to 16.7% in August, its highest level since 1984, while the unemployment rate for whites fell slightly to 8%, the Labor Department reported.

“This month’s numbers continue to bear out that longstanding pattern that minorities have a much more challenging time getting jobs,” said Bill Rodgers, chief economist with the Heldrich Center for Workforce Development at Rutgers University.

Black unemployment has been roughly double that of whites since the government started tracking the figures in 1972.

Economists blame a variety of factors. The black workforce is younger than the white workforce, lower numbers of blacks get a college degree and many live in areas of the country that were harder hit by the recession — all things that could lead to a higher unemployment rate.

But even excluding those factors, blacks still are hit with higher joblessness.
Unemployment rate, state by state

“Even when you compare black and white workers, same age range, same education, you still see pretty significant gaps in unemployment rates,” said Algernon Austin, director of the Race, Ethnicity, and the Economy program at the Economic Policy Institute. “So I do think the fact of racial discrimination in the labor market continues to play a role.”

About 155,000 blacks got jobs in August, but the group’s unemployment rate still went up because those jobs weren’t enough to make up for all the people who started looking for work during the month.

However, the gain for whites of 211,000 jobs was enough to bring their unemployment rate down.

Overall, black men have it the worst, with joblessness at a staggeringly high 19.1%, compared to 14.5% for black women.

Black unemployment has now remained above 10% for four straight years, and the given current economic sluggishness, some experts say it’s safe to predict the rate will remain above 10% for four more years.

“Our job creation is just not happening — certainly not at the rate necessarily to bring rapid reductions to the unemployment rate,” Austin said.

Latinos saw their unemployment rate remain unchanged at 11.3% in August. Unemployment remains at 9.1% for the country as a whole.

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  • Joe

    Only utopian capitalism will lower the unemployment rates for black Americans.Looks like affirmative action hasn’t help with providing enough employment for black Americans.College educated black Americans that graduate with degrees have to “pound the pavement”twice as hard as Caucasians and Asians because most employers are white male dominated and like to keep the better paying jobs “in the family”,the same for Asian male dominated employers.Since technology makes employing people in foreign countries for the college educated graduates possible and they will work for less pay,the employment opportunities for better paying jobs for black American college graduates will be severely
    limited.Tough luck to most of you young black American college graduates!Better get use to this harsh reality!It is a very competitive job environment in the job market because employers will move around the globe to find the brightest and the cheapest of skilled workers!I think that there is a silver lining for some of you young black college graduates.Think about doing this,get your self a passport and a visa and travel to economically and politically stable African nations and enquier about employment opportunities in those types of nations.You have nothing to lose and every thing to gain.The “grass is greener on the other side”,this is why people move to other countries.

  • Jean-Francois Morf

    You must note that every crisis is created by some billionaires Israeli-American storytellers: every crisis transforms the billionaires into multi-billionaires, but transforms also the millionaires (story believers) into homeless, jobless new poor…
    Adolph Volcker + Alan Greenspan + Ben Bernanke, all 3 Israeli-American, inflated USA financial costs +400% (prohibited by God in Leviticus and Koran), forcing USA supermarkets to rise Consumer Prices 2 years later, and forcing USA industries to relocate in China!

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