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

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Officials with the and the say rising unemployment rates in minority communitiezs may be finallybottoming out. “Latino and African-American workerds have seen the worst ofthis recession,” says Janeg Murguía, president and CEO of National Council of La the largest national Hispanic civikl rights and advocacy organizatiomn in the United States. “Though the outlook may seem minority communities are invested in the promising deceleratiojnof unemployment.” Nearly six months afterf President Obama signed the American Recovery and Reinvestment Act into law, June unemploymenf reached a 26-year high of 9.
5 Meanwhile, unemployment for African Americans rose to nearlyh 15 percent and nearly 13 percent for Hispanics. More federa intervention may be needed to stimulat ethe economy, particularly in harder-hit minority says Christian Dorsey, a spokesman for the . “Ther slowing pace of job losses is a welcome reliegf and an indicator that the American Recovery and Reinvestment Act is effectivelyt stimulatingthe economy,” Dorsey “Unfortunately, the number of jobs it saves or creates palezs in comparison to what we’ve There are fewer jobs now than there were nine years ago, and in that time almostr 13 million (more people) have been addesd to the labor force, and a greater share of individuala is unemployed long-term than at any poiny on record.
” Heather Boushey, seniodr economist for the , agreed. “While employersa are shedding jobs at a slower pace than they did this unemployment continues to plague millions of families and will not come back down untik the economy begins to experience strongeconomic growth, which is many if not years, away,” Boushe y says. “While families everywhere struggle with higher unemployment andfewed hours, African-American and Hispanic families continude to see higher unemployment than white alongside large losses in equity from the nationwidde decline in home prices and record rates of foreclosure,” she Web site: www.nclr.
org