Report on Racial Economic Inequality is now available for download in Spanish
BOSTON, Mass.— United for a Fair Economy announced that its annual report on racial economic inequality is now available for download in Spanish. The report, State of the Dream 2010: Drained – Jobless and Foreclosed in Communities of Color, examines racial economic disparities in a range of areas including foreclosures, poverty, income and wealth.
Newly updated data in the report shows that people of color are experiencing a disproportionate share of the layoffs and foreclosures amidst the current recession, deepening inequalities that existed prior to the recession. Among Latinos, the widest disparity was in Minnesota, with Wisconsin and Pennsylvania joining as having a disparity at least twice as high as whites.
Some key facts in the report:
* Blacks earn 62 cents for every dollar of white income, and Latinos earn 68 cents for every dollar of white income.
* Blacks and Latinos are 2.9 and 2.7 times as likely, respectively, to live in poverty than whites.
* Black and Latino children are 3.3 and 2.9 times as likely, respectively, to live in poverty than white children.
* In at least two states, Michigan and Ohio, African-American unemployment is expected to exceed 20% in 2010.
* Unemployment disparities vary by region:
o In two Midwestern states, Minnesota and Wisconsin the unemployment rate for Blacks was at least 3 times that of whites.
o In another thirteen states, Hawaii, Connecticut, Alabama, Oklahoma, South Carolina, Arkansas, Mississippi, Colorado, Arizona, Kansas, Virginia, Indiana, and Nebraska, the unemployment rate for Blacks was at least twice as high as that of whites.
o Among Latinos, the widest disparities were in Minnesota, Wisconsin, and Pennsylvania, where the unemployment rate was at least twice as high as whites.
Read More »