CHART: 50 Percent Of Unemployed African American And Asian Workers Have Been Out Of Work For Six Months Or More
"CHART: 50 Percent Of Unemployed African American And Asian Workers Have Been Out Of Work For Six Months Or More"
According to the latest Bureau of Labor Statistics data, 42.9 percent of America’s unemployed have been out of work for six months or more. But that number masks some of the large racial disparities in who has been out of work for so long, as the Center for Economic and Policy Research shows in a new report. As CEPR found, 50 percent of unemployed black men have been out of work for at least six months, and nearly 50 percent of black women, as well as Asian men and women, are in the same situation:
“In addition to the loss of goods and services caused by leaving productive economic resources idle, unemployment, and especially long-term unemployment, also imposes other direct and indirect costs on the economy, including unemployment insurance payments and a deterioration in unemployed workers’ job skills,” CEPR wrote.