Black advances erode as labor market weakens
Source: Economic Policy Institute

While bad economic news continues to pile up for America’s working people, the economic trends are even more disheartening for African American families. Gains made during the strong labor market of the latter 1990s business cycle have eroded, even as the economy grew significantly. On all major indicators – income, wages, employment and poverty – African Americans lost ground between 2000 and 2007.

Algernon Austin, director of the Economic Policy Institute’s Program on Race, Ethnicity and the Economy, examines the trends and their impact in a new report: Reversal of Fortune: Economic Gains of 1990s Overturned for African Americans From 2000-07.

+ Full Report (PDF; 144 KB)

This entry was posted on Monday, September 22nd, 2008 at 9:12 am and is filed under Business and economics, Race, Social and cultural issues. You can follow any responses to this entry through the RSS 2.0 feed. Responses are currently closed, but you can trackback from your own site.