The country is celebrating the 50th anniversary of Dr King’s speech and the second inauguration of of a Black President. However, for the vast majority of African-Americans, Dr. King’s dream is still far from a reality. In December Black Adult unemployment was 14% and teenage unemployment, 40.5%.
Last month, the economy created a large number of jobs, but black unemployment increased from 13.4% to 14.3%. With the presidential election over, it is time now to address the crushing burden of unemployment among blacks.
The unemployment rate declined from 8.3% to 8.2% but only ½ as many jobs (120,000) were created in March as in previous months.
Today’s Labor Department Jobs Report showed that the unemployment rate in February remained constant at 8.3% and 227,000 jobs added to the labor force.
MLK Holiday is a time to reflect on racial progress. Economic growth is picking up but black unemployment has not improved much. It is time for a National Commission on Black Unemployment.