Black College Graduates Face Job Market Challenges

Black College Graduates Face Job Market Challenges

College graduates have survived both the recession and ho-hum recovery far better than those without a degree, but black graduates who finished four years of college are suffering from unemployment rates that are painfully high compared with their white counterparts.

Among recent graduates ages 22 to 27, the jobless rate for black graduates last year was 12.4 percent versus 4.9 percent for white graduates, 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.

 

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