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Minorities lag despite gain in jobs
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WASHINGTON — Minorities continue to lag behind Whites across several economic indicators, even as the job market improves, a report released Thursday said.
The report found that Latinos fared slightly better than Blacks in many categories, but advocates said Latinos are still being "walloped" by the economy, as many who re-enter the workforce are doing so by way of unskilled, low-wage jobs.
The findings of the Center for American Progress sparked calls for policies to address the situation.
"We believe financial policy can play a critical role in shaping financial security," said Cy Richardson, vice president of housing and community development at the National Urban League. "These policies have been unevenly applied and inconsistently championed."
The report, which drew on Census Bureau numbers and other data, said minority groups have higher unemployment, earn lower wages, have less health-care coverage and run a greater risk of losing their homes to foreclosure than do Whites.
The report urges Congress to consider policies that work to educate and train these growing minority communities.
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