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In a number of metropolitan areas, the unemployment rate for African Americans and Hispanics approached Great Depression-like levels in 2009, an Economic Policy Institute analysis finds. The report, Uneven Pain: Unemployment by Metro Area and Race by EPI researcher Algernon Austin, examines unemployment by race in the 50 largest metro areas in the United States.
The white unemployment rate reached double digits in four metro areas. Unemployment rates for nonwhite populations were particularly high in three cities: Providence had a Hispanic unemployment rate of 21.4% and Detroit and Minneapolis had African American unemployment rates of 20.9% and 20.4%, respectively.
The Hispanic and African American metro unemployment rates exceeded 1.5 times the white metro unemployment rate in most of the metros analyzed. In Providence, the Hispanic unemployment rate was double the white rate, and in Minneapolis and Memphis, the African American unemployment rate was three times the white rate.
A virtual spokesperson for black technology, BlackEngineer aspires to serve as leading news and information provider on the advancements in black technology with deep insights into black engineering, black entrepreneurs, black education, and historically black colleges and universities (HBCU). In fact, BlackEngineer is one of the very few to promote the achievements of black technology. The Black engineer of the year awards (BEYA) is one of our successful ventures to promote black technology, progress and achievements made in black technology, and the sentiments of the Black community in the US, the UK, Caribbean, and Africa.
Black technology entrepreneurs are increasingly providing the horsepower that drives the global economy. Over the last two decades, black entrepreneurs have created more jobs, and contributed much more to the economic expansion of the Black community as a whole, than any black pastor or politician. Black entrepreneurs are taking risks and building businesses that generate economic growth and increase prosperity in underserved areas, as more minority-owned and minority-focused businesses emerge, willing to serve the financial needs of Black entrepreneurs. US Black Engineer & Information Technology magazine's annual list of Top Black Technology Entrepreneurs reflects the expanding scope of leading Black entrepreneurs in information technology, homeland security, and defense.
