Black Unemployment Just Hit 7.5%. If That Were the National Number, We’d Call It a Recession.
The Joint Center for Political and Economic Studies put a number on something a lot of us have been feeling anecdotally for a year: Black unemployment climbed to 7.5 percent by the end of last year, up from 6.2 percent at the start, according to the organization’s “State of the Dream 2026” report. Read that […]
The Recession Nobody Called a Recession — Because It Only Hit One Community
Black unemployment has climbed to 7.8% from a 2023 low of 4.7%, erasing an estimated $87 billion in household income. The National Urban League calls it a recession. Here’s why almost nobody outside the community is using that word.