Economist: Jobless rate among African Americans to hit 27.8%
By JOHN GALLAGHER
FREE PRESS BUSINESS WRITER
http://www.freep.com/apps/pbcs.dll/article?AID=200990527031
Unemployment among African Americans in Michigan is likely to hit 27.8% by mid-2010, a Washington, D.C.-based economist predicted today.
Lawrence Mishel, president of the non-profit think tank Economic Policy Institute, said black unemployment in Michigan will be the nation’s highest, far above the predicted black jobless rate nationally of 18.1% at mid-next year.
Mishel’s report, titled “Sounding the Alarm,” can be found at www.epi.org.
Amid a host of discouraging unemployment trends, Mishel calls for greater government stimulus spending in hard-hit areas to create more jobs.
Contact JOHN GALLAGHER: 313-222-5173 or gallagher@freepress.com.
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http://www.detroitbusinesstoday.net
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