Economic Development

National Urban League State Of Black America 2014 Report Says Minorities Losing Economic Ground

WASHINGTON (AP) — African-Americans and Latinos are losing economic ground when compared with whites in the areas of employment and income as the United States pulls itself out of the Great Recession, the latest State of Black America report from the National Urban League says.

The annual report, called “One Nation Underemployed: Jobs Rebuild America,” noted that the underemployment rate for African-American workers was 20.5 percent, compared with 18.4 percent for Hispanic workers and 11.8 percent for white workers. Underemployment is defined as those who are jobless or working part-time jobs but desiring full-time work.

The report also said African-Americans are twice as likely as whites to be unemployed. The unemployment rate for blacks was 12 percent in February, compared with 5.8 percent for whites.

“Many Americans are being left behind, and that includes African-Americans and Latinos who are being disproportionately left behind by the job creation that we see,” National Urban League President Marc Morial said.

Despite the dismal numbers, an analysis by The Associated Press-NORC Center for Public Affairs Research found African-Americans significantly more optimistic about their future standard of living than whites, regardless of income level, education or partisanship. Overall, 71 percent of blacks surveyed in the 2012 General Social Survey agreed that they have a good chance of improving their standard of living, outpacing the share among whites by 25 percentage points.

The survey found high optimism even among blacks who say racism is a cause for economic inequality.

Such findings illustrate “a level of optimism in the African-American community and it’s important to lift that up,” said La June Montgomery Tabron, president and CEO of the W.K. Kellogg Foundation, which released similar findings this week in separate research.

To read this article in its entirety visit HuffingtonPost.com

The MinorityEye is a news aggregator that shares digital content from websites and other online resources that focus on minority culture, people and issues relevant to people of color. TME curates the voices, thoughts and perspectives of minority writers, bloggers, authors, reporters, columnists, pundits, consultants and thought leaders as well as those who write about minorities and issues that impact communities of color.

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Michael Bailey

Michael Bailey is the Chief Curator of Information at The MinorityEye a nationally recognized news blog that focuses on news, events and issues relevant minority communities. He is also an Integrated Marketing Communication Specialist at TME Media Group. His firm provides consulting and training services to non-traditional entrepreneurs as well as corporate, state and local agencies on how to develop integrated marketing strategies that connect with minority consumers.

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