Posts Tagged ‘unemployment’
Tags: automation, cartoon, children, environment, guns, oceans, plastic, unemployment, violence
Tags: chart, Ferguson, poverty, racism, St. Louis, unemployment, United States
According to David Nicklaus,
St. Louis is not only one of the most segregated large metro areas in the U.S., it also has an unusually large economic gap between black and white. The unemployment rate for African-Americans here is about three times as high as the rate for whites.
According to census figures from 2012, 47 percent of the metro area’s African-American men between ages 16 and 24 are unemployed. The comparable figure for young white men is 16 percent.
Those figures should be just as shocking as the images of armed police confronting unarmed demonstrators, yet we take them for granted.
In Ferguson city itself (according to the Census Bureau’s American Community Survey), the overall unemployment rate is 13.2 percent: 8.4 percent for whites, almost twice that (16 percent) for African Americans.
Tags: academy, chart, education, ethnicity, health, homicides, incarceration, jobs, pay, race, unemployment, United States, wealth
Neil Irwin, Claire Cain Miller, and Margot Sanger-Katz have assembled a series of charts documenting America’s enduring—and, in many cases, growing—racial divide. I have reproduced some of them below.
One of the key pieces of information they don’t include has to do with incarceration rates. As you can see from the chart above (from the Pew Research Center [pdf]), African American men were 5 times more likely to be incarcerated in 1960 than white men (relative to the size of each demographic group)—a rate that grew to over 16.5 in 2010.
Here are the other charts:
Tags: chart, fast food, food, food insecurity, hunger, SNAP, unemployment, United States
According to the United States Department of Agriculture, even as the unemployment rate continued to fall, fully 14.5 percent of U.S. households (17.6 million, or 49 million people) suffered from food insecurity at some time during 2012, a figure that was essentially unchanged from 14.9 percent in 2011.The prevalence of food insecurity declined from 11.9 percent of households in 2004 to 11.0 percent in 2005 and remained near that level until 2007. In 2008, the prevalence of food insecurity increased to 14.6 percent of households and was essentially unchanged at that level through 2012 (14.5 percent).
According to a new report from Feeding America [pdf], which provides food for 15.5 million households (or 46.5 million people) nationwide,
- More than 12 million households are forced to eat unhealthy food because they can’t afford better-quality groceries. They risk adverse health effects that can make their financial plight worse.
- 66 percent of households said they’ve had to choose between paying for food and paying for medicine or medical care. Thirty-one percent said they had to make that choice every month.
- 69 percent of households that rely on food charities to survive have been forced to choose between paying for utilities and paying for food.
Put in terms any mainstream economist would understand: the supply of food-insecure households in the United States creates a high level of demand for federal programs like the federal Supplemental Nutrition Assistance Program and for the 58,000 food programs associated with Feeding America.
And still it’s not enough.
Tags: cartoon, food stamps, jobs, military, police, racism, unemployment, United States, violence
Tags: 1 percent, jobs, productivity, unemployment, United States, wages, Wall Street
The top-of-the-page articles today (e.g., in the New York Times) are all about strong job growth, lower unemployment, and higher wages.
All true. But, as Neil Irwin cautions, we should hold the fireworks. His view is not there is a “soft underbelly,” but that “this halting, sluggish recovery has taught us anything, it is to not let our assessments of the economy be driven by hope, but rather by sustained and credible improvement in a wide range of economic data.”
My view is that—notwithstanding recent job growth, falling unemployment, and higher wages—there is still an enormous gap (as reflected in the chart above) between the wealth workers are producing and what they’re receiving in compensation.
That’s why the stock market continues to soar (this morning, the Dow broke 17,000 for the first time ever), benefiting a tiny minority at the top, while the 99 percent continue to fall further and further beyond.