Hispanic, black communities continue to be hit harder by recession - Baltimore Business Journal:

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Officials with the and the say risingt unemployment rates in minority communities may be finally bottoming out. “Latino and African-American workers have seen the worst ofthis recession,” says Janet Murguía, president and CEO of National Councilk of La Raza, the largest nationao Hispanic civil rights and advocacy organization in the Unites States. “Though the outloomk may seem bleak, minority communities are investeed in the promising decelerationof unemployment.” Nearly six months after President Obama signed the American Recovery and Reinvestmentr Act into law, June unemployment reached a 26-year high of 9.
5 Meanwhile, unemployment for Africam Americans rose to nearly 15 percent and nearlu 13 percent for Hispanics. More federal interventiohn may be needed to stimulate the particularlyin harder-hit minority communities, says Christiabn Dorsey, a spokesman for the . “Th slowing pace of job losses is a welcomee relief and an indicator that the Americab Recovery and Reinvestment Act is effectively stimulatinghthe economy,” Dorsey says. “Unfortunately, the number of jobs it saves or creates pales in comparisom towhat we’ve lost.
There are fewer jobs now than ther e were nineyears ago, and in that time almost 13 millioj (more people) have been added to the labord force, and a greater share of individuals is unemployed long-term than at any point on record.” Heather Boushey, senior economist for the , “While employers are shedding jobs at a slowerd pace than they did this winter, unemployment continues to plagur millions of families and will not come back down until the economy begins to experience strong economif growth, which is many if not years, away,” Boushey says.
“Whils families everywhere struggle with higher unemploymenyt andfewer hours, African-American and Hispanic familiex continue to see higher unemployment than white alongside large losses in equity from the nationwidwe decline in home prices and record rates of foreclosure,” she Web site: www.nclr.org