Black Caucus Politicians Protesting no Jobs for Black Americans

According to the Black Caucus the unemployment for Black Americans is expected to reach a 25 year high this year. There was a study done on the subject and it currently is soaring in five state reaching over 20%.

It was researched and announced that Blacks and Latinos were far behind the whites in employment, even when there were no problems with the economy. It was also found that black men far exceeded the women in being unemployed.

The predicted rate for unemployment is expected to reach 6.1 % for whites, and 11.3% for blacks. In the State of Virginia the unemployment is projected to be 6.3% whites out of jobs, and 13% blacks out of jobs.

There are a lot of states that were hit by the economy and lack of jobs. The rate in Illinois, Alabama, Ohio, and South Carolina are expected to reach over 20%.

The Black Caucus are protesting, they want the president to create training programs and jobs in low income communities with the highest unemployment rates. The Black Caucus until now have waited to see what the President plans to do, but states are saying that they can no long wait for jobs. They plan to march in large numbers to get his attention and other representatives in Washington.

In 2008 black poverty was at 34% and is expected to rise with the unemployment rate. (United for a Fair Economy) issued a report that said blacks earn 62 cents for every dollar that whites earn. The family median net worth of whites in 2007 was $170,000 and for blacks it was $27,800.

Brian Miller, executive director of United for a Fair Economy and co-author of the report said "We have a long history of discriminating policies and practices, including outright segregation, redlining, misguided urban renewal plans and predatory lending, that have prevented people of color from building up personal wealth."

Statistics show that 15.5% of Black Americans are out of work and still looking for a job. The general employment rate is dropping of 8%. Other factors might be education and continuing discrimination and the young age of black workers. Black unemployment tends to run twice the rate for whites.

A case was cited in (skillsinfo) that a young black woman who is 37 years old and had her MBA. She had a job as a Bank Executive and her position was phased out. She is one of the 15.5 % of Black Americans out of work and still looking for a job. When the Banks were bailed out, they should have been an Equal Opportunity Employment Agency. However they took the money and did what they wanted to do, equal or not.

The present problem with the blacks are what are they going to do? The unemployment insurance won't last much longer, and jobs must be created. Our system can't take care of the non-working. One solution would be to start up your own business. If you know of someone who can write a grant, investigate what is available to you.

There are still lending sources that will support a new business venture. Or do a Home Based Business Opportunity, there are a lot of opportunities that are available. There are parents who have no means to purchase school clothing. Think about going to thrift shops, like the Salvation Army or Goodwill. At some of the church thrift shops they will give clothing and supplies. In my city a group gave away over 5,000 book bags with supplies in them. This is the time to be thrifty and look for other way to survive.

Credits - United States Unemployment, V.Dion Haynes - Washington Post Staff Writer, 1/15/2010.

SUMMARY

The unemployment for the United States is out of hand for all nationalities at the time of this writing. President Obama has promised to address the unemployment of Americans after the Holidays, the first of September.