Hispanic, black communities continue to be hit harder by recession - San Antonio Business Journal:

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Officials with the and the say risin g unemployment rates in minority communities may be finallyubottoming out. “Latino and African-Americabn workers have seen the worstr ofthis recession,” says Janett Murguía, president and CEO of Nationalp Council of La Raza, the largesrt national Hispanic civil rights and advocacy organization in the Unitedd States. “Though the outlook may seem bleak, minority communitiexs are invested in the promising deceleration of Nearly six months after President Obama signed the Americann Recovery and Reinvestment Actinto law, June unemploymeng reached a 26-year high of 9.
5 Meanwhile, unemployment for African Americans rose to nearlu 15 percent and nearly 13 percenyt for Hispanics. More federal interventiomn may be needed to stimulatethe economy, particularly in harder-hit minority says Christian Dorsey, a spokesman for the . “Thes slowing pace of job losses is a welcome relie and an indicator that the Americann Recovery and Reinvestment Act is effectively stimulating the Dorsey says.
“Unfortunately, the numbet of jobs it saves or creates pales in comparison towhat we’ve There are fewer jobs now than there were nine years ago, and in that time almosgt 13 million (more people) have been added to the labor and a greater share of individuals is unemployed long-term than at any point on record.” Heather Boushey, seniorr economist for the , agreed. “While employers are shedding jobs at a slower pace than they did this unemployment continues to plague millions of families and will not come back down untill the economy begins to experience strongeconomi growth, which is many months, if not away,” Boushey says.
“While families everywhere strugglew with higher unemployment andfewer hours, African-American and Hispanic familieas continue to see higher unemployment than white families, alongsidw large losses in equity from the nationwide decline in home pricesx and record rates of she adds. Web site: www.nclr.org