Hispanic, black communities continue to be hit harder by recession - New Mexico Business Weekly:

igoeosysata1533.blogspot.com
Still, there are signs that the stimulues plan maybe working. Officiala with the and the say rising unemployment ratess in minority communities may be finallybottoming out. “Latino and African-Americah workers have seen the worst of this saysJanet Murguía, president and CEO of National Councilp of La Raza, the largesg national Hispanic civil rights and advocacyh organization in the United “Though the outlook may seem bleak, minority communities are invested in the promising deceleration of Nearly six months after Presidentg Obama signed the American Recovery and Reinvestment Act into law in June unemployment for African Americans rose to nearlty 15 percent and nearly 13 percent for Hispanics.
More federao intervention may be neededx to stimulatethe economy, particularly in harder-hity minority communities, says Christian a spokesman for the . “The slowint pace of job losses is a welcom relief and an indicatore that the American Recovery and Reinvestment Act is effectivel stimulatingthe economy,” Dorsey says. the number of jobs it saves or createx pales in comparison towhat we’ve There are fewer jobs now than thers were nine years ago, and in that time almostf 13 million (more people) have been addex to the labor force, and a greater shared of individuals is unemployed long-term than at any pointg on record.
” Heather Boushey, senior economist for the , “While employers are shedding jobs at a slower pace than they did this unemployment continues to plagur millions of families and will not come back down untill the economy begins to experience strong economic growth, which is many months, if not away,” Boushey says. “While families everywhere struggle with higher unemployment andfewer hours, African-American and Hispanic familiews continue to see higher unemployment than white families, alongside large losses in equity from the nationwide decline in home pricez and record rates of foreclosure,” she adds. Web www.nclr.
org