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Race and Economy

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Race and Economy

Black, Latino workers much more likely to have unemployment claims rejected, analysis finds

by Nova Safo
Jul 31, 2020
Black and Latino workers made up nearly 40% of the unemployed, but were less than 20% of aid recipients.
Analysis from the Bipartisan Policy Center, a Washington think tank, finds that Black and Latino workers are having their unemployment claims rejected at disproportionately higher rates, compared to white workers.
Saul Loeb/AFP via Getty Images
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COVID-19

Lack of aid to states could hit Black and women workers hard

by Meghan McCarty Carino
Jul 30, 2020
Historically marginalized workers are overrepresented among public employees, and many could be laid off.
A public transit worker cleans subway trains in New York City. State and local government budgets have been battered, and jobs are at risk.
Angela Weiss/AFP via Getty Images
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Race and Economy

After pressure from players, some Black-owned businesses profit from NBA 'bubble'

by Erika Beras
Jul 30, 2020
The league wants to keep players happy while quarantined. The athletes feel empowered to make an impact.
A Celtics-Rockets game in February, shortly before the season was paused.
Maddie Meyer/Getty Images
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Race and Economy

There's a big racial divide over COVID-19 cost concerns, new study finds

by Nancy Marshall-Genzer
Jul 29, 2020
People of color are almost twice as likely as white people to be worried about how to pay for care if they get COVID-19.
The study also says nonwhite workers are about twice as likely as whites to stay in a job they don’t like because they’re afraid of losing health insurance during the pandemic.
Go Nakamura/Getty Images
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My Economy

Shifting the Black hair care industry back into Black hands

by Alli Fam
Jul 28, 2020
Maggie Anderson has dedicated herself to Black economic empowerment by buying from Black-owned businesses. But it isn't easy.
Maggie Anderson
Courtesy of Maggie Anderson
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Race and Economy

Biden announces plan for economic investment in communities of color

by Associated Press
Jul 28, 2020
It's a plan to ensure that post-pandemic economic recovery is built around promoting racial equality.
Biden wants to take $30 billion and funnel it into a “Small Business Opportunity Fund" designed to leverage $5 of private investment for minority owned enterprises for each $1 in public funds allocated.
Drew Angerer/Getty Images
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COVID-19

How will minority-owned businesses fare in CARES 4.0?

by Kimberly Adams
Jul 23, 2020
In a Thursday hearing, the Senate was told how Black business owners faced hurdles accessing Paycheck Protection Program funding.
Black business owners had a particularly rough time getting access to Paycheck Protection Program funds at first, says Ronald Busby, president of U.S. Black Chambers.
Brendan Smialowski/AFP via Getty Images
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Race and Economy

How the decline of Black-owned insurance firms widened the wealth gap

by Kai Ryssdal and Alli Fam
Jul 20, 2020
Many of the agencies survived the Great Depression but later died out. Their loss meant less money invested into Black communities.
Moyo Studios
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Race and Economy

Thousands of workers are walking off the job to "Strike for Black Lives"

by Nova Safo
Jul 20, 2020
Among the demands are better treatment of employees of color, a $15 minimum wage and more personal protective equipment.
Organizers say the pandemic has worsened socioeconomic inequalities, and they want corporations and politicians to do more to address the problem.
Logan Cyrus/AFP via Getty Images
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Race and Economy

Diversity recruitment is booming, but retention remains a "huge issue"

by Sabri Ben-Achour and Rose Conlon
Jul 17, 2020
For companies, hiring people of color is just the first step.
Employers need to support and advance people of color as well as hire them, says Arthur Woods of Mathison.
Getty Images
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