HOME    WORLD    U.S.    POLITICS    CRIME    ENTERTAINMENT    HEALTH    TECH    TRAVEL    LIVING
July 24, 2008
Recessions and black America
Posted: 09:41 AM ET
Share this on:
Share | Permalink | 322 Comments

Program Note: In the next installment of CNN's Black in America series, Soledad O'Brien examines the successes, struggles and complex issues faced by black men, women and families, 40 years after the death of the Dr. Martin Luther King Jr. Watch encore presentation Saturday & Sunday, 8 p.m. ET


We devote several days on the blog to smart insight and commentary related to the special.

_____________________________________________________

CNN's Stephanie Elam examines the impact of a recession on blacks in the U.S.
CNN's Stephanie Elam examines the impact of a recession on blacks in the U.S.
Stephanie Elam
CNN Business News Correspondent

When I set out to do a story on the effect recessions have on black Americans, I was prepared for some dire statistics. I wasn’t pleasantly surprised. Here’s my biggest takeaway: as the unemployment rate increases for the population overall in a recession, the increase among blacks is roughly double. And when a recession hits, blacks take longer to regain employment after the economy recovers.

As if that isn’t bad enough, it was what I learned about younger black Americans that really left an impact. According to John Schmitt of the Center for Economic and Policy Research, the unemployment rate for black teens is about twice that of white teens. In the recession that lasted from 1980 into 1982 – the black teen unemployment rate skyrocketed to 50 percent. Keep reading

322 Comments
More about: Black in America •  Economy •  Stephanie Elam

subscribe RSS Icon
About this blog

A behind the scenes look at “Anderson Cooper 360°” and the stories it covers, written by Anderson Cooper, the AC360° staff and a network of contributors. Insight you can’t find anywhere else.

We search the news each day to show you what’s on our radar and what we’re planning for the show each night.

For more details, read our tips on how to win 360° approval for comments.

Send your instant feedback to Anderson Cooper 360°.

Featured Contributors
Candy Crowley
Candy Crowley is CNN's senior political correspondent and an AC360° contributor
David Gergen
David Gergen is CNN's senior political analyst and former presidential advisor
Roland S. Martin
Roland S. Martin is a nationally award-winning journalist and AC360° contributor
CNN Comment Policy: CNN encourages you to add a comment to this discussion. You may not post any unlawful, threatening, defamatory, obscene, pornographic or other material that would violate the law. All comments should be relevant to the topic and remain respectful of other authors and commenters. You are solely responsible for your own comments, the consequences of posting those comments, and the consequences of any reliance by you on the comments of others. By submitting your comment, you hereby give CNN the right, but not the obligation, to post, air, edit, exhibit, telecast, cablecast, webcast, re-use, publish, reproduce, use, license, print, distribute or otherwise use your comment(s) and accompanying personal identifying and other information you provide via all forms of media now known or hereafter devised, worldwide, in perpetuity. CNN Privacy Statement.
Home  |  World  |  U.S.  |  Politics  |  Justice  |  Entertainment  |  Health  |  Tech  |  Travel  |  Opinion  |  Living  |  Business  |  Sports  |  Time.com
Podcasts  |  Blogs  |  CNN Mobile  |  Preferences  |  Email Alerts  |  CNN Radio  |  CNN Shop  |  Site Map
© 2009 Cable News Network LP, LLLP. A Time Warner Company. All Rights Reserved.
Powered by WordPress.com VIP