Thursday, December 25, 2014

For Recent Black College Graduates, a Tougher Road to Employment

Months after receiving his diploma from Oakwood University, William Zonicle is still without a job in his field.CreditBob Miller for The New York Times

From the New York Times:

Among recent graduates ages 22 to 27, the jobless rate for blacks last year was 12.4 percent versus 4.9 percent for whites, said John Schmitt, a senior economist at the Center for Economic and Policy Research. 

 While there has always been a gap between black and white college grads, this 7.5 percentage point difference was far greater than before the recession burned through the economy. In 2007, for example, there was only a 1.4 percentage point difference, with 4.6 percent of recent black graduates out of work compared with 3.2 percent of similarly educated whites. 

“This is very different from the past,” said Mr. Schmitt, a co-author of a study of employment among recent graduates published by the center. “You’d have to go back to the early 1980s recession to see that pattern.”

Read complete article here