Friday, September 23, 2011

AJC Special Coverage - African-American middle class gains reversed

AJC Print-Only Special Coverage: African-American middle class gains reversed

Unfortunately I am on the road and don't have access to the full report that will appear in Friday's printed AJC.  I have asked my wife to pick up a copy for me and I will review the report when I get home.

From the AJC Article:

Persistent joblessness among African Americans, and its effect on home ownership and wealth building, is raising concerns about about the future of a black middle class that had grown to be a potent economic force in cities like Atlanta.
Unemployment in metro Atlanta, which the state Labor Department said Thursday ticked up a tenth of a point to 10.4 percent in August, cuts across all demographic groups. But the jobless rate in metro Atlanta, in Georgia, and across the U.S. is far worse for African-Americans.
Unemployment among black teens aged 16-19 in metro Atlanta was a staggering 56 percent last year. For black men it was 20 percent. Those figures roughly doubled the rates for white youths and men.
Last month, the national unemployment rate for blacks was 16.7 percent. That compared to 8 percent for whites, 11.3 percent for Hispanics and Latinos and 7.1 percent for Asians.

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