• The Black American Depression

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    New York — Peter S. Goodman at The Huffington Post has written an article on the effects of the recession on Black America in comparison to its affect on white America.

    Among white people, the unemployment rate dropped in December to 8.5 percent — hardly acceptable, but manageable were the government spending more to expand a fraying social safety net and generate jobs. For black Americans, the unemployment rate was 15.8 percent.

    Professional economists will not pause for an instant at those figures. It is a truism that the black unemployment rate generally runs double the white one, and yet when did that become acceptable? How can there be so little discussion about a full-blown epidemic of joblessness in the African-American community, as if the commonplace incidence of despair — and, more recently, reversed progress — somehow amounts to old news?

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