recession

The Obama administration on Thursday highlighted initiatives in housing, education, the workforce and health care designed to help foster a better economic environment for African Americans as the nation continues to emerge from the financial recession.

The National Urban League‘s 38th annual “State Of Black America” report highlights that job creation in the country is of smaller benefit to Black and…

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 […]

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. […]

A new study reveals that Hispanics and not African-Americans have been hit the hardest during the recession. The study, released by the Pew Foundation with data collected from the Census Bureau, indicates that Hispanics have had the largest wealth decline of any group since the country went into a recession. Hispanics households median wealth declined […]

BE FRIENDS WITH FIRST LADY ON FACEBOOK OR FOLLOW HER ON TWITTER While many comments on the message board of Oprah Winfrey’s Web site have been positive about the weekend launch of OWN: The Oprah Winfrey Network, there are also posts from fans upset that they now have to pay to see the talk show […]

Well, it appears that some of the nation’s leading economists have proclaimed that the recession is over. Of course, these were the best and brightest who failed to warn us of the Great Recession in the first place, but I don’t want to sidetrack you with trivialities.

In a groundbreaking report released Monday by a leading economic research group, social scientists turned a spotlight on the financial challenges facing an often overlooked group of women, many of whom could not take an unpaid sick day or repair a major appliance without going into debt.