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US / The recession has not affected all Americans equally

The recession has not affected all Americans equally. While overall unemployment hovers around 8 percent, the reality was much different depending on your racial and ethnic background. African-Americans had an unemployment rate of 14.1 percent, nearly double the rate of whites at 7.2 percent. Hispanics had the second highest unemployment rate at 10.2 percent. And Asians fared best, with 5.9 percent unemployment.

But Asians do not fare so well when it comes to long-term unemployment, those out of work for six months or longer. Unemployed Asians and African-Americans tend to stay unemployed for longer stretches of time.

Source: Unemployment disparity: African-American jobless rate is twice that of whites. Blacks likely to be unemployed longer. | Face the Facts USA.

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