recession

TJMS

People in this country still believe in the American Dream, but after one of the worst recessions this country has seen, many are fearful that…

The National Urban League‘s 38th annual “State Of Black America” report highlights that job creation in the country is of smaller benefit to Black and…

While America’s economic downturn has been devastating to the middle class as a whole, middle-class African-American government workers have suffered disproportionately in terms of layoffs and unemployment. See also: First Black American Billionaire, Proposes Plan To Reduce Black Unemployment About one in five black workers have public-sector jobs, and according to economists and recent government data, tens […]

As the sluggish American economy continues to limp forward, many Black Americans from the public sector are getting pink slips. These layoffs are eroding much of what is left of the Black middle class.  A recent article in The New York Times says: “Jobless rates among blacks have consistently been about double those of whites. […]

In a groundbreaking report released Monday by a leading economic research group, social scientists turned a spotlight on the financial challenges facing an often overlooked group of women, many of whom could not take an unpaid sick day or repair a major appliance without going into debt.

VIA WASHINGTON POST: Aba Kwawu vowed she’d buy only one or two classic pieces for work that would last her for years. So what was she doing recently at the cash register of a Washington boutique, credit card in hand, agonizing over whether to buy a flashy designer purse with faux snake trim? “I don’t […]

VIA WJLA: More and more fathers are changing their job titles these days: they’re now known as Mister Mom. That’s because the recession has eliminated many male-dominated jobs, like construction and manufacturing. Rob Dalton has a job different from any he’s had before. “And I show up at the school up there, all the mothers […]

Let’s face it, most of us are barely getting by on what we bring home at the end of the week. For those of us who are fortunate enough to still have a job, the paycheck is just not cutting it and some of us need to find extra work to make ends meet. Here […]