Results related to “recession”
by Imara Jones on April 5 2013, 12:00PM
Another example of the massive gap between reality and the discussion in the Beltway.
by Imara Jones on June 7 2012, 10:11AM
Greek austerity? Eurozone collapse? What’s this got to do with the financial slog so many communities of color are still facing in the U.S.? For starters, it could make things a lot harder, soon. Imara Jones offers a primer—and preventive steps.
by Kai Wright on March 9 2012, 10:47AM
The sudden, sharp drop in black unemployment that set economists buzzing in January appears to have in fact been so much statistical noise. The February 2012 job numbers are out and black unemployment went right back up, to 14.1 percent…
by Shani O. Hilton on February 29 2012, 9:43AM
Mitt Romney and President Obama have slugged it out over the Detroit bailout. It’s clear at this point that the bailout revived the auto industry. But thus far, it’s not been enough to heal the most ailing part of Michigan’s economy: black employment.
January saw a remarkable three-point drop in black joblessness. Economists are skeptical it’s real. But why? Put on your data nerd hat, because we’ve got the explanation.
by Seth Freed Wessler on February 14 2012, 9:07AM
That’s the picture Republicans want in voters’ minds, too, as Congress prepares for yet another brutal round of jousting over unemployment benefits.
by Shani O. Hilton on February 9 2012, 9:40AM
Black unemployment dropped a whopping 3 percent in January, fueled by hiring of black men. Economists who’ve tracked black joblessness are waiting for the other shoe to drop—was it a statistical quirk, or is there a jobs renaissance afoot in black America?
by Yvonne Yen Liu on November 4 2011, 9:54AM
Neither the public nor private sector is doing much to create jobs, and those that are popping up aren’t very good ones. So a lot of folks are taking matters into their own hands.
by Kai Wright on October 7 2011, 10:48AM
Black unemployment is at levels comparable to the Great Depression in six cities. But then again, black populations in dozens of cities were in acute recessions before the national crisis ever began. The actual numbers are striking.
Amid all the deficit and campaign talk, it’s easy to forget the foreclosure crisis continues to destroy neighborhoods. Community organizers in East Oakland got fed up and delivered the dirty problem to its source.
by Kai Wright on September 20 2011, 10:43AM
The president vowed to make the rich “pay their fair share.” Let’s hope he’s serious. But either way, a new campaign launches today to make sure both parties must care as much about homeowners and workers as they do bankers in 2012.
by Shani O. Hilton on September 9 2011, 3:24PM
While some have a lukewarm reaction to the president’s proposal, others say that elements of the plan could pay off for those who’ve been hardest hit by the bad economy.
by Kai Wright on September 2 2011, 12:53PM
Another dismal monthly jobs report and another round of all the wrong questions and concerns. Meanwhile, millions of people continue fighting for survival.
by Shani O. Hilton on August 31 2011, 9:17AM
House GOP leaders will roll out more so-called jobs ideas this week, in anticipation of the president’s expected proposals next week. None of it is expected to meet the scale of the problem.
by Imara Jones on August 12 2011, 9:37AM
After months of debate over the nation’s debt, the central bank’s unprecedented interest rates announcement this week was entirely about the jobs crisis. The subtext was clear: politics, not economics stand in the way of recovery.
by Kai Wright on July 26 2011, 10:58AM
The wealth gap is now larger than it’s been since the Census Bureau began counting it. The foreclosure crisis is part of the reason, but its more symptom than cause for the building catastrophe in the U.S. economy.
by Bryan Gerhart on July 19 2011, 10:17AM
For at least the second time in recent memory, chaos breaks out as families scramble to apply for affordable housing. It’s yet another sign of the country’s deteriorating safety net.