College-Educated Blacks Hardest Hit By Unemployment
By News One April 24, 2009 2:44 pm
From the Economic Policy Institute:
Fifteen months into a deep recession, college-educated white workers still had a relatively low unemployment rate of 3.8% in March of this year. The same could not be said for African Americans with four-year degrees. The March 2009 unemployment rate for college-educated blacks was 7.2%—almost twice as high as the white rate—and up 4.5 percentage points from March 2007, before the start of the current recession (see chart). Hispanics and Asian Americans with college degrees were in between, both with March 2009 unemployment rates of 5%.
Click here for the full report.
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@ Sigil_ Degree choice is not major a factor in this study. But to use your example there are plenty of whites with English degrees and less Americans in general who choose to major in the sciences. I believe one’s degree choice is a small factor in how ” lucrative” or “employable” they may be. The biggest factor is the person that stands behind the degree, experience and the opportunities within their reach.
I just gradauted last August thinking my prospects would improve since I was coming out of finance that took an obvious dive. Still looking for a gig, but decided recently it was time to just start hustlin’. I’m getting my other broke folks together to acquire some real estate while its cheap to rent out. I suggest ya’ll do the same because its known blacks are the last hired and first fired. Create your own job…
True true, I have a degree in Electro-Mech Engineering and am having a hard time finding anything. To the point of wtf.
@ _VanityBonet_ You aren’t who you appear to be… Who are you really?
Wow, this “study” is flawed. It doesn’t consider the degree type. Traditionally, African-Americans gravitate towards degrees that are both less employable and lucrative, e.g. English Literature over Chemistry and Biology. It’s about the SCIENCES. Yes, race must be factored in, but it is neither the main or sole reason.
Badguy1271 dont even waste your time arguing with Vanity, just look at here grammar..enough said..
Someone slap VanityBonet back to reality! “Probably got in school as a quota same as getting a job over somebody else that was qualified” Yeah and you are probably dumb enough to believe that and that racism is dead and gone because Obama is in the White House. So if I get what you are saying, you believe every sucessful blackmen/women got there to fulfill some kinda quota or over a more qualified individual?? What did one of your white friends who was more then likely unqualified for a job and did not get it because a blackman/woman got it that was actually qualified for the job got it? But hey he/she are black so of course they can not be qualified for such a job right Vanity?? Actually it is funny that there was a need for such a system in the first place, but hey I will not blame anyone either for needing such a system.
What NOT To Do When You’ve Been Laid Off:
http://atlantajobleads.wordpress.com/2009/04/20/what-not-to-do-when-youve-been-laid-off/
I don’t blame this on anybody more than likely they was unqualified for the job…Probably got in school as a quota same as getting a job over somebody else that was qualified
i feel the pain i got my bachelors and aint got a devent job but i started http://www.cashcowgreen.com
Why am I not surprised?
I’ve actually been networking and attempting to assist some friends. I’ve honestly found myself shaking my head on numerous occassions due to friends waving that degree and feeling “too important” to lower their salaries briefly? Isn’t it smarter to be employed…and have money coming in while waiting out this mess? You’d be surprised at how many think they are above a salary cut and are losing their homes and vehicles due to pride and over inflated egos.
thanks for shedding light on this situation… i have a master’s degree and i’ve been affected… so no one is really exempt… i realized this when many of my black college educated friends started reporting that they had been laid off or unable to find a job… what are the next steps regarding this issue as far as policy directions?… i wonder…
It was a long time before I found a job after graduation.
All I can say is get a corporate temp job and go from there. if you don’t do that, you will be SOL for a long time.
what else is new. than wonder why even the safe neighborhoods or no longer safe. people are killing themselves and there family. they feel useless. they feel no hope for the future. it is true. the only people not suffering or the dope dealers, and hookers. they still gotta rubber band