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The Economic Picture

The Economic Picture - The Economic Picture The general...

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The Economic Picture - The general economic picture for African Americans has been gradual improvement over the last 40 years, but this improvement is modest compared with that of Whites, whose standard of living has also increased. In terms of absolute deprivation, African Americans are much better off today but have experienced much less significant improvement with respect to their relative deprivation to Whites. - There is a significant gap between the incomes of Black and White families in the United States. Black family income resembles that of White families more than 10 years ago. - Higher unemployment rates for Blacks have persisted since the 1940s, when they were first documented. Since 1990, the national unemployment rate for Whites has ranged from 3.0 percent to 6.0 percent, whereas for Blacks it has ranged from 7.0 percent to 11.0 percent. - The unemployment picture is especially grim for African American workers aged 16 to 24.
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