According to Black Voices, A report from the U.S. Department of Labor last week confirmed that Blacks are at the top of list of the most adversely affected, with an unemployment rate of 12.6%. The unemployment rate for Hispanics was 9.7% and the rate for whites was 6.9%.
The report also said adult men are losing jobs faster than women. The unemployment rate for adult men is 7.6% and the rate for adult women is 6.2%.
Older Americans are also among the hardest hit by unemployment. The labor department report said that the unemployment rate for workers over 55 years of age was a whopping 12.8%. The trend during this downturn has been for employers to lay off older workers who earn higher salaries in favor of younger workers that they can pay less. Also, since the baby boomers, who are approaching retirement, make up a very large portion of the workforce, they have suffered a larger share of the job cuts across all industries.
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