Blacks hit hard by economy’s punch
34.5 percent of young African American men are unemployed
Unemployment skyrockets for young African Americans
The nation’s rising unemployment has afflicted young African Americans at greater rates than any other socioeconomic group, reaching Great Depression proportions and accelerating a reversal of hard-won economic gains of the 1990s.
By V. Dion Haynes
Washington Post Staff [...]
Report: Foreclosure Crisis Hits Blacks, LatinosBy THE ASSOCIATED PRESS
Published: November 17, 2009
Filed at 12:52 a.m. ET
NEW YORK (AP) — Black and Latinos are at a disproportionate risk in the ongoing foreclosure crisis because they are more likely than whites to have higher-cost mortgage loans and face higher unemployment rates, a report says.
The report from the [...]