A sobering report released last weekend states that the economic disparity between Blacks and Whites has virtually remained the same for the past 50 years.
Additionally, 50 years ago Rev. Martin Luther King, Jr.’s “March On Washington for Jobs and Freedom” also took place. Next week, President Barack Obama faces a weighty challenge in speaking to the nation and addressing the looming issue of economic inequality on the official anniversary of King’s “I Have A Dream” speech.
A march led by Rev. Al Sharpton‘s National Action Network is set to take place this coming weekend in the Nation’s Capital, but a Washington Post article highlighted troubling facts and figures despite gains made by Blacks in recent times and the historic election of President Obama in 2008.
Using numbers from a recent Economic Policy Institute (EPI) report, it was revealed that the economic gap between Blacks and Whites hasn’t closed since 1963. During that year, White unemployment sat at 5 percent while 10.9 percent of Blacks were jobless.
Today, the numbers are 6.6 for Whites and 12.6 for Blacks.
Also unveiled was that Black unemployment has been at recession levels over the past five decades as well.