The Color of Unemployment
Dec. 4, 2012
The recession has not affected all Americans equally. While overall unemployment hovers around 8 percent, the reality was much different depending on your racial and ethnic background.
African-Americans had an unemployment rate of 14.1 percent, nearly double the rate of whites at 7.2 percent. Hispanics had the second-highest unemployment rate at 10.2 percent. And Asians fared best, with 5.9 percent unemployment. But Asians do not fare so well when it comes to long-term unemployment, those out of work for six months or longer.
Unemployed Asians and African-Americans tend to stay unemployed for longer stretches of time.
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