While it may not come as a surprise to some, a new report found that the Black unemployment rate is twice as high as the white unemployment rate.
The data has been collected by the Economic Policy Institute, revealing the unemployment rate for Black Americans has always been double that of white Americans. Even more shocking, that trend is constant regardless of education.
The average unemployment rate for Black college graduates over the past year has been 4.1 percent, while the rate for white graduates has been 2.4 percent. The rate for Blacks with only a high school diploma is 9.6 percent, while the rate for those without a diploma is 16.6 percent. In comparison to white workers who only have a high school diploma or less, the numbers were 4.6 percent and 6.9 percent.
"The broader significance of this disparity suggests a race penalty whereby blacks at each level of education have unemployment rates that are the same as or higher than less educated whites," says Valerie Wilson, director of the Economic Policy Institute’s Program on Race, Ethnicity, and the Economy.
"Persistent disparities in unemployment are constant reminders of how race continues to have an undue influence on life in this country."
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