Black Unemployment Leaps to 13%
While there was all kinds of bad news for everyone in the August employment and jobs numbers released Friday, the news was especially bad for black Americans. Out of every group listed in the Bureau of Labor Statistics report report (age, gender, race, etc.) the unemployment rate among blacks increased the most–almost a full half-point, from 12.6% to 13%.
This news is in line with a report released earlier this week that showed black homeownership levels are at an eighteen year low.
After five years of the first black president, fifty years into the War on Poverty, and trillions of taxpayer dollars wasted, by every relevant economic measurement, the gap between whites and blacks is just as bad as it always was.
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