Though blacks' job prospects have improved from the depths of the Great Recession, they still suffer from disproportionately high unemployment.
Pegged to Black History Month, the U.S. Congress' Joint Economic Committee put out a stats sheet highlighting the gap. It takes longer, on average, for black workers for find a job, and even having a college degree doesn't help as much as it does for other job-seeking populations. The black unemployment rate is currently 13.8% unemployment rate, far higher than the 7.9% national rate.
"Congress can help ensure that the economic situation of black workers and their families continues to improve by supporting programs that provide assistance to those who are struggling to make ends meet and examining new approaches to alleviating unemployment and poverty," the bipartisan JEC wrote in its release.
Take a look at the numbers:
The collapse of the housing bubble has further widened the home ownership inequality gap.
Black households, as well as the poorest households and those headed by high school dropouts, did not benefit much from the housing boom, but got hit hard by the subsequent bust, a new analysis of Census data by Fordham University Professor Emily Rosenbaum has found.
During the 1990s, blacks and Hispanics made gains that narrowed the home ownership MORETami Luhby - Mar 22, 2012 10:58 AM ET
Hispanics and Asians suffered a lower rate of job loss in the recession and enjoyed a faster rate of growth during the recovery than their black and white counterparts.
Hispanics experienced only a 2.4% loss in employment during the Great Recession, followed by a 6.5% gain during the recovery, according to a new report from the Pew Hispanic Center.
Asians had a similar experience, with a 2.8% job loss and a 6.8% MORETami Luhby - Mar 21, 2012 11:05 AM ET
The racial wealth gap between black and white Americans might be wider than you think.
Consider this: The median household wealth of blacks was a mere $5,677 in 2009, just 5% of the $113,149 median wealth of whites, according to the Pew Research Center.
That chasm of difference in financial assets is one reason why black families are seven times more prevalent in homeless shelters than white families, according to a new MORETami Luhby - Mar 5, 2012 9:13 AM ET
|Overnight Avg Rate||Latest||Change||Last Week|
|30 yr fixed||3.92%||3.97%|
|15 yr fixed||3.00%||3.08%|
|30 yr refi||3.99%||4.02%|
|15 yr refi||3.10%||3.16%|
Today's featured rates:
|Latest Report||Next Update|
|Home prices||Aug 28|
|Consumer confidence||Aug 28|
|Manufacturing (ISM)||Sept 4|
|Inflation (CPI)||Sept 14|
|Retail sales||Sept 14|