Monday, November 14, 2011

As far as employment growth is concerned, whites have been the biggest losers throughout the Obama years

From the start of the Obama Administration (January 2009) to October 2011, white employment declined by 1.9 million, or 1.7%. Black employment has also declined during Obama’s term, but not quite as dramatically — down 149,000, or 1.0%. Meanwhile, Hispanics and Asians are the winners, their employment increasing by 3.3% and 2.2%, respectively. Had black employment grown at the same rate as Hispanic employment since January 2009, 750,000 more blacks would be working today, and black unemployment would be 10.9% instead of 15.1%. Do the same calculation for whites and you would find 6.5 million more of them employed and their unemployment rate at 2.8% instead of 8.0%.

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