3Center or American Progress | Economic Snapshot or October 2011
Labor market pressures fall especially on communities of color, young work-ers, and those with little education.
Te Arican American unemploymen raein Sepember 2011 sayed well above average a 16 percen and he Hispanicunemploymen rae sayed high wih 11.3 percen, while he whie unemploy-men rae was 8 percen. Youh unemploymen sood a a high 24.6 percen. And he unemploymen rae or people wihou a high school diploma sayedhigh wih 14 percen, compared o 9.7 percen or hose wih a high schooldiploma, and 4.2 percen or hose wih a college degree.
Vulnerable groupshave sruggled disproporionaely more amid he weak labor marke o he pasew years han whie workers, older workers, and workers wih more educaion.Bu even hose groups ha are beter han heir counerpars in he weak labormarke suer remendously rom high and long-erm unemploymen.
Household incomes continue drop amid prolonged labor market weaknesses.
Median inaion-adjused household income—hal o all households have moreand he oher hal has less—sood a $49,445 in 2010, is lowes level in ina-ion-adjused dollars since 1996. I ell again by 2.3 percen in 2010, an acceler-aed decline afer median income dropped by 0.7 percen in 2009. Americanamilies saw ew gains during he recovery beore he crisis hi in 2008 andexperienced no income gains during he curren economic recovery afer 2009.
Income inequality rises.
Households a he 95h percenile, wih incomes o $180,810 in 2010, had incomes ha were more han nine imes—9.04 imes,o be exac—he incomes o households a he 20h percenile, wih incomes o $20,000. Tis is he larges gap beween he op 5 percen and he botom 20 per-cen o households since he U.S. Census Bureau sared keeping record in 1967.
Poverty continues to rise across a wide spectrum.
Te povery rae rose o 15.1percen in 2010—is highes rae since 1993. Te Arican American povery rae was 27.4 percen, he Hispanic rae was 26.6 percen, and he whie rae was 9.9percen in 2010. Te povery rae or children under he age o 18 sood a 22percen. More han one-hird o Arican American children (39.1 percen) livedin povery in 2010, along wih 35 percen o Hispanic children and 12.4 percen o whie children.
Te prolonged economic slump, ollowing an excepionally weak labor marke beore he crisis, has aken a massive oll on he mos vulnerable.
Employer-provided health insurance benefits continue to disappear.
Te shareo people wih employer-provided healh insurance dropped rom 65.1 percenin 2000 o 55.3 percen in 2010. Tis is he lowes share since 1987, when he