Tag: Recession

Black America in Recession: Urban League Warning

After hitting historic lows just a few years ago, Black unemployment surged to 8.3% — the highest spike since the Covid-19 pandemic — leaving the jobless rate for Black workers more than double that of white Americans. Pair that disturbing statistic with a falling Black homeownership rate and a systematic rollback of DEI initiatives, and the National Urban League's alarm starts to look like a diagnosis: Black America is already in a recession.

Black Adults Face Worst Economy in Decade

While the White House celebrates record stock market highs, everyday Americans face deteriorating finances and rising job insecurity. Federal Reserve data reveals employment concerns surged 37% in 2024, with Black adults disproportionately impacted by layoffs and bill-paying struggles. Black adults experienced the largest job loss increase between 2024 and 2025, and only 60% report doing okay financially, down five percentage points. Even college-educated Black adults saw their financial comfort decline by seven points, while 77.5% struggle with basic expenses.

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