Recession Threatens African-Americans Most

Friday, January 25, 2008

Who will a recession hurt the most? According to the Economic Policy Institute, African American communities. During the recession of 2001 through 2003, African Americans saw their unemployment rate rise from 7.6 percent in that first year to 10.8 percent by the end. White annual unemployment increased from 3.5 percent in 2001, to 5.2 percent in 2003. In 2007, the African American unemployment rate was 8.3 percent. If a recession occurs, by 2009 that rate will likely be 11 percent. - reported by Jesse Russell, Workers Independent News

 

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