OSAWATOMIE, Kan. –President Barack Obama is taking aim at the nation’s income disparities, declaring that the middle class faces a “make or break moment.” He tells a Kansas audience that Republicans embrace a discredited “you’re-on-your own” style of economics. ALSO SEE: How Jerry Sandusky Played The New York Times All Eight Sandusky Accusers To Testify […]
Millions of American school children are receiving free or reduced lunches for the first time as America’s economic downturn has left many middle-class families struggling to make it. See also: California Schools Move Ahead With Healthier Meals Despite Backtrack In Congress The number of students recieiving subsidized lunch rose 17 percent since the 2006, according to […]
While America’s economic downturn has been devastating to the middle class as a whole, middle-class African-American government workers have suffered disproportionately in terms of layoffs and unemployment. See also: First Black American Billionaire, Proposes Plan To Reduce Black Unemployment About one in five black workers have public-sector jobs, and according to economists and recent government data, tens […]
As the sluggish American economy continues to limp forward, many Black Americans from the public sector are getting pink slips. These layoffs are eroding much of what is left of the Black middle class. A recent article in The New York Times says: “Jobless rates among blacks have consistently been about double those of whites. […]
New York — Peter S. Goodman at The Huffington Post has written an article on the effects of the recession on Black America in comparison to its affect on white America. Among white people, the unemployment rate dropped in December to 8.5 percent — hardly acceptable, but manageable were the government spending more to expand […]
The US recession lasted 18 months and was the most prolonged since World War II, a report has concluded.
FROM AOLNews.com: Middle-class black Americans dipped into their retirement accounts to stay afloat during the recession at a higher rate than their white counterparts did, broadening the “retirement gap” between whites and African-Americans, according to a new study.
WASHINGTON — The tally of newly laid-off workers seeking unemployment benefits fell unexpectedly for the fifth straight week, a hopeful sign that the job market is slowly improving. Still, claims remain above the levels that most analysts say would be consistent with an economy that is adding jobs. The unemployment rate is at 10.2 percent […]
