The unemployment rate of African-Americans in New York City is increasing four times as much as it is among New York City’s whites. While the black unemployment rate is rising faster than whites all across the country, the acceleration is acutely high in Gotham.
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Government jobs had also become a prime source of solid, stable work for many blacks in the city, he added. But lately there have been cutbacks there, too, as falling tax revenue has forced the paring back of budgets.
James Parrott, the chief economist for the Fiscal Policy Institute, a liberal research group, pointed out that employment with the Postal Service in the city has declined by about 2,000 jobs, many of which were held by blacks.
Most of the non-government black increase in unemployment I think can be explained by two reasons that have also contributed to white unemployment increases: Outsourcing and mass Hispanic cheap labor immigration.
