Recession News

Blacks' optimism on race and the economy rises; Latinos wary

By theGrio

11:41 AM on 01/12/2010

WASHINGTON (AP) - One year after the election of Obama, black optimism about America has surged, while Hispanics have become more skeptical about race relations...

$70 billion in unused bailout money can fund jobs bill

By theGrio

11:35 AM on 12/04/2009

ALLENTOWN, Penn. (AP) -- President Barack Obama's options for spurring job growth may be limited by out-of-control budget deficits, but with the unemployment rate hovering at 10 percent he is warming to moves by his congressional allies for a jobs-boosting bill...

As unemployment drops for most, black teens see 8-point spike

By Anthony Calypso

10:05 AM on 12/04/2009

Although the unemployment rate for African-Americans dropped to 15.6 percent in November, the unemployment rate for black teens stands at 49.4 percent - a sharp increase from last month's number of 41.3 percent...

Myths that keep black Americans unemployed

By John McWhorter

8:48 AM on 12/01/2009

OPINION - Opportunity isn't what it was a few years ago, to be sure. But recessions pass, and people promulgate the myths even when the economy is flush anyway...

Layoffs lead to start-ups of new black businesses

By Ethyln Harris

9:40 PM on 11/29/2009

The saying "when life gives you lemons, make lemonade" seems easy until you're faced with exactly that prospect...

Finding spiritual uplift in an economic downturn

By Dr. DeForest B. Soaries, Jr.

7:00 AM on 11/25/2009

OPINION - A connection with an authentic faith experience can help people survive and even defeat the most difficult circumstances.

As economy sags, man finds way to support women in need

By Bonnie Davis

7:55 AM on 11/24/2009

After Oz du Soleil was laid off in July 2008, it was stories of women who couldn't afford proper undergarments that led him to begin collecting women's bras - for a good cause...

Jobless claims fall to lowest since January

By theGrio

8:46 AM on 11/05/2009

WASHINGTON (AP) - The number of newly laid-off workers filing claims for unemployment benefits last week fell to the lowest level in 10 months.

Despite path to recovery, employers aren't ready to hire

By theGrio

7:42 AM on 10/05/2009

WASHINGTON (AP) - Job hunters will face long odds well into next year. As the unemployment rate inches closer to 10 percent, most businesses are nowhere close to hiring again...

How the recession stopped my education

By theGrio

8:46 AM on 09/09/2009

Check out this interview with a Spelman student who's not going back to school. From essence.com: As college students around the country begin their first month of classes, after a long summer break, there are a number of students who won't have that same opportunity to go back to school....

Dems down to the wire lobbying for reform votes

VIDEO - They've made some progress. A fourth Democrat, John Boccieri of Ohio, has switched his vote from "no" to "yes."...