manifold
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Irony?
After decades of hard-fought progress, black economic gains were reversed in Great Recession - The Washington Post
After decades of hard-fought progress, black economic gains were reversed in Great Recession - The Washington Post
Since the end of the recession, the overall unemployment rate has fallen from 9.4 to 9.1 percent, while the black unemployment rate has risen from 14.7 to 16.2 percent, according to the Department of Labor.
“I would say the recession is not over for black folks,” Austin says. He believes more black people than ever before could fall out of the middle class, because the unemployment rate for college-educated blacks recently peaked and blacks are overrepresented in state and local government jobs that are being eliminated due to massive budget shortfalls.
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“History is going to say that the black middle class was decimated” over the past few years, Wiley says. “But we’re not done writing history.”
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