Saturday, January 8, 2011

Teens and blacks face highest unemployment

http://money.cnn.com/2011/01/07/news/economy/unemployment_racial_gap/index.htm

My Analysis:

The unemployment rates have decreases over the past year, but the teens, hispanics, and blacks are lagging behind in the unemployment situation. Teens are by far rated for having the highest unemployment rates at 25%, mainly because they are young, inexperienced, under-educated, and have the lowest skill, Why would i firm want to hire a teenager who lacks certain qualities and is not versatile.

Among adults, blacks face the highest levels of unemployment: 15.8% in December 2010, down only slightly from a year ago. economists say that most the unemployment is because of racial discrimination and poor education

( copy pasted )
"Study after study shows that the white college graduate is more likely to get the job, even if they have exactly the same resume [as the black applicant]," said Rob Fairlie, professor of economics at the University of California in Santa Cruz and a research affiliate at the National Poverty Center. "The only difference is the race."


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