CSI Report Addressing Census Findings Details Income Is Falling Fastest for People of Color
September 10, 2009, New York, NY– A new report by the Center for Social Inclusion (CSI) addresses 2009 U.S. Census findings, showing that people of color and especially Black America are at greatest risk of being left out of the economic recovery.
The CSI report, Race, the Job Market, and Economic Recovery: A Census Snapshot, details that rising poverty and unemployment, and decreasing access to healthcare are undermining recovery in communities of color, slowing the engine of America’s struggling economy.
- Unemployment is 26.5% for young Black men, 14.2% for Young Latino men, and 11.7% for young White men.
- Wages dropped 5.6% for Latinos, 4.4% for Asians, 2.8% for Blacks, and 2.6% for Whites.
- Poverty has reached 24.6% among African Americans compared to 23.2% for Latinos, 11.6% for Asians, and 11.0% for Whites.
- The percent of uninsured is 30.7% among Latinos, 18.9% among African Americans, 17.1% among Asians, and 10.8% among Whites.
Greater than 1 in 10 white men aged 20-29 are now unemployed, up from approximately 1 in 20 when the recession began November of 2007. Those are sobering numbers. Graver still, a devastating 1 in 4 Black men and 1 in 6 Latino men, aged 20-29, have become unemployed. A resilient economic recovery depends on solutions that will work for everyone.
“It’s time to act. Economic recovery will exist in name only for too many of our neighbors if we don’t put in place the policies that are needed to reach everyone,” said Maya Wiley, executive director of the Center for Social Inclusion. “The newly poor are disproportionately women, children, Black, Latino and Asian. We can not let a massive recovery effort bypass the hardest hit.”
The American Recovery and Reinvestment Act must do a better job recording and reporting who are getting jobs funded by the Stimulus. Projects should be targeted in hardest-hit areas, and local, state, and federal agencies must take race into account when deciding which projects to fund.