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African-American Men Worst Affected in Economic Meltdown
Notwithstanding the coronation of Barack Obama as the first black President of the country, blacks seem worst hurt by the ongoing economic downturn. Employment among them has fallen 7.8 percent since November of 2007, according to a report by the Center for Labor Market Studies at Northeastern University in Boston.
Federal data indicate all demographic groups have been affected. The number of men looking for full-time work has nearly doubled in the last year, regardless of race or ethnicity, according to Bureau of Labor Statistics figures.
But the Northeastern study concludes that during the past 15 months, the relative decline in black male employment was considerably higher than that of their male counterparts in the other three race-ethnic groups Asians, Hispanics, and whites.
The employment rate among African-American men aged 20 to 24 is now just 51 percent, as opposed to 68 percent during the late 1990s. For African-American teens, its just 14 percent.
Andrew Sum, director of the Center for Labor Market Studies and an author of the report, thinks this is a disturbing development, giving the lie to the much-talked about evolution of the US a cultural melting pot, cutting across ethnic barriers.
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